Jalna, Jan 3 (PTI) Three people were arrested on Friday in Jalna for allegedly kidnapping a 70-year-old trader and demanding ransom of Rs 50 lakh and later releasing him, Jalna police said.

They were identified as Rahul Suddam Jadhav (25), Ajay alias Guddu Indar Jangde (22)and Bharat Dashrat Bhagde (23).

"Trader Kheraj Bhanushali was kidnapped on December 30. The abductors phoned his son Dilip and demanded Rs 50 lakh. However, after police was alerted, they released the trader near St Mary's School here and fled," Crime Branch official Rajendra Singh Goud said.

On a tip-off, the three were arrested on Friday, he added.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)