A key accused in the abduction of an industrialist two month ago was arrested on Sunday near Bhavani in Erode district, police said. Police also seized Rs 11 lakh and some explosive materials, including belt bomb, from his possession.
On specific information that the accused was moving around the area, a special police team intercepted a van and arrested the accused Chinnaswami and his driver at Nerinjipettai on Bhavani-Mettur road.
The industrialist was abducted near Bhavani by a gang and released him the next day after taking a ransom of Rs 35 lakh.
Already 17 persons had been arrested in this connection. Bureau Report