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Syndicates target wealthy businessmen for kidnapping ransoms

July 12, 2018


Kidnapping wealthy businessmen in South Africa continues to be a profitable activity for apparent criminal syndicates as they become more brazen.

Sources with links to Crime Intelligence suspect that the same syndicate is involved in a recent spate of kidnappings because of the criminals’ modus operandi. It is also suspected to have foreign links, with fingers being pointed at Mozambique.

In the most recent case, on Monday Cape Town businessman Liyaqat Parker, 65, was allegedly kidnapped by five unknown and armed men at his business in N1 City, Parow.

His family appealed for him to be released unharmed before his health deteriorates.

Parker has health issues “as most elderly do” and requires chronic medication, elaborated family spokesperson and attorney Walid Brown on Wednesday. He added that as far as he was aware, Parker did not suffer from any heart conditions.

A source close to the investigation said kidnappers had demanded 50 bitcoin, about R4.3m. Bitcoin is a global cryptocurrency which is difficult to trace.

To read the full story go to News 24

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