Chinese national abducted, freed after P5M ransom paid

A Chinese national was abducted while fishing in Angat River, Bustos, Bulacan by four unidentified men.

He was taken by the perpetrators to a vehicle and fled towards the bypass road.

A ransom demand of $300,000 was received by his live-in partner.

The Philippine National Police (PNP) confirmed that a P5 million ransom was paid for the victim, who is reportedly linked to Philippine Offshore Gaming Operators (POGOs).

The victim was released in the Manila area around 12:05 a.m. on Wednesday, October 23, 2024, following the ransom payment.

He was able to visit his wife who gave birth to their child early Wednesday morning.

Authorities are currently obtaining statements from the victim for the ongoing investigation and are tracing the cryptocurrency ransom payment.

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