The president of Suzuki Motor Corp.'s Brazilian subsidiary spend a day in the hands of kidnappers before being released. According to press reports, Kiyoshige Ishii was freed after a $30,000 ransom was paid.
The kidnapping occurred May 27 while Ishii and two friends were driving home from a golf club in Sao Jose, an affluent neighborhood near Sao Paulo. Police reported Ishii and his friends were stopped by three kidnappers. The assailants blocked the road and forced Ishii and his friends from their vehicle. The kidnappers demanded $90,000 and released the wife of Ishii's friend to get the money. They also threatened to kill the other two hostages is she did not return with the cash.
A company spokesman refused to say whether Suzuki paid the ransom and would not provide details of the case.