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It is said that he was kidnapped in an effort to force him to sell his ancestral property worth Rs 50 crore in Adambakkam. The gang demanded ransom of Rs 10 crore from his family.
The arrested accused have been identified as Balaji(43) of Saligramam, Selva alias Speed Selva(49) of Pallikaranai, Tirumurugan(23) of Madurai, Johnson(45) of Kodambakkam and Suresh(21) of Alwarthirunagar. A car, nine mobile phones, and a knife was seized from the accused.
The victim Thulasivamsi Krishna, 37, a software professional living in Bengaluru, had visited Chennai to sell his ancestral property measuring 40,497 square feet.
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On September 18, Balaji invited Krishna to come to a location where they claimed to have a potential buyer and kidnapped him. For more than a month, he was detained at a city lodge.
Krishna’s mother, Roopa, lodged a complaint with the Joint Commissioner of Police (South) on October 23. The gang was arrested from a lodge in Arcot Salai.