Hyderabad: A businessman on Monday night was kidnapped by some unidentified assailants from his office in Domalguda and later released after paying 1 crore ransom, the police stated. According to the Hyderabad Central Zone Deputy Commissioner of Police (DCP), Viswaprasad, the businessman identified as Rajendra Prasad, runs an automobile business in the city.

"As per the complaint filed, Prasad was taken in a car to an unknown place by blindfolding him. Not only was he beaten up by the kidnappers but also demanded Rs.3 crore ransom from him. However, they released him after getting Rs. 1 crore," Viswaprasad added. The police also stated: "Prasad called up his friend Rahul and asked him to bring Rs. 1 crore to Abids area. Instead of revealing that he was kidnapped, Prasad told his friend that he is in trouble and needs money. However, after receiving Rs 1 crore ransom, the miscreants dropped him in Abids and fled the spot."