79-year-old woman who was kidnapped is Sheng Siong CEO's mother
By Walter Sim
The Straits Times | Thu, Jan 09, 2014
The police on Thursday arrested two men in connection with the case, after her son lodged a report. She was not hurt when she was snatched by the two suspects, and was subsequently released at Seletar West Camp after a $2 million ransom was paid.
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According to posts on the Singapore Police Force's (SPF) Twitter account, two men were arrested today for kidnapping a 79-year-old woman.
"A kidnap report was lodged by 52-year-old informant on Jan 8. The victim was last seen at Hougang that morning," wrote SPF.
The two suspects, aged 41 and 50, allegedly demanded a ransom of $20 million from Sheng Siong CEO Lim Hock Chee.
"The ransom was re-negotiated to $2 million. Informant placed the cash at Sembawang Park while officers kept tabs," wrote SPF.
"Kidnappers subsequently released the victim near Seletar West camp on Jan 9 morning."
SPF posted on Twitter today at 4pm that the two suspects were arrested within 12 hours from the time the report was lodged and ransom was recovered.
Police said CID and Intel officers conducted intensive probes and ops to rescue victim and nab suspects.
Deputy Commissioner of Police (Investigations & Intelligence) and concurrent Director of the Criminal Investigation Department, Hong Wee Teck said: "We are grateful families of victims remained calm, alerted police and cooperated."