Kidnapped industrialist rescued
Hyderabad: An importer of machinery used in making paper bags and another person were kidnapped by his enemies on Wednesday morning. However, police monitored the mobile phone location, rescued the victims and took the kidnappers into custody by evening.
Police said that Sridhar Reddy of Nalgonda had started PSR Marketing Technology at Habsiguda and started import and sale of machinery used in making paper bags.
His wife Sriya Reddy was the manager while Sridhar himself was the managing director. About four persons barged in to PSR office on Wednesday and kidnapped Sridhar and his uncle on knife point.
News Posted: 8 September, 2011
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