The businessman, said to be the family patriarch and leader of a prominent business group, was reportedly taken by unidentified men while dining at a well-known seafood restaurant along Manila Bay.
The family had reportedly acceded to the kidnappers’ hefty ransom demands, but his release has yet to be secured.
While frustration is growing, we’re told the family is placing its trust in local police authorities to help ensure his safe return.
Speaking of police authorities, a ranking official within the executive department told InsiderPH they’re closely monitoring the situation and hope to soon receive an update.
That’s important to know, because there’s definitely a sense of unease spreading within the local business community, especially among the tight-knit and hardworking Filipino-Chinese sector.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
