The father of the manager of a cryptocurrency company, kidnapped on Thursday, was released on Saturday, four people in custody

After deploying significant resources, investigators were able to locate the man, safe and sound, who was being held in a house in the Paris region.

After a 60-hour race against time, the Paris judicial police found and released on Saturday evening the father of the manager of a cryptocurrency company, who was kidnapped in the heart of Paris on Thursday morning, franceinfo learned from a source close to the case, information confirmed by the Paris prosecutor's office.

On Thursday, May 1st, around 10:30 a.m., on Avenue du Maine in the 14th arrondissement of Paris, passersby saw four hooded individuals force a man in his sixties into a van bearing the insignia of a major transport company. The victim is the father of a man who made his fortune in cryptocurrencies, the Paris prosecutor's office told franceinfo. A ransom demand was made.

The Paris judicial police deployed significant resources, under the aegis of the Paris prosecutor's office and its specialized organized crime and cybersecurity sections, to find the kidnappers. Early Saturday evening, investigators were able to locate the victim, who was being held in a house in the Paris region. According to the prosecutor's office, the injured man was taken into care by emergency services.

Four people were arrested and taken into custody, the prosecutor's office said. The Paris prosecutor's office has entrusted the anti-banditry unit and the judicial police with an investigation into the charges of "arrest," "kidnapping," "unlawful confinement and arbitrary detention of a hostage to obtain the execution of an order or condition committed by an organized gang," "extortion by an organized gang with a weapon, and participation in a criminal conspiracy."