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Updated: May 30, 2016 05:45 IST

PATNA/MOTIHARI: The Bihar police on Sunday rescued abducted Nepalese industrialist Suresh Kedia from Kotwa of east Champaran district of Bihar. It also arrested one of the alleged abductors and seized a luxury vehicle and a firearm from his possession.

Bihar DGP PK Thakur confirmed that Kedia, who was abducted by an armed gang from Bariyarpur in Nepal on May 26, had been rescued. Kedia is the owner of Kedia Group of Companies and along with his brothers has business ventures in both Nepal and India.

The abductors had demanded Rs 100 crore for Kedia’s release. Police sources said the industrialist was abducted by the members of a gang led by Bablu Dubey.

Kedia’s rescue provided a relief to both central and state governments that were under pressure from Nepalese authorities due to the prominent status the tycoon enjoys in his country.