Luxury car, Rs12.9m recovered in Karachi trader kidnap case: investigating officer

KARACHI: An antiterrorism court was on Monday informed that investigators had recovered Rs12.9 million and a “luxury” car allegedly purchased with the ransom paid by a cryptocurrency trader to his kidnappers to earn freedom.

The investigating officer of the case informed the court that the suspects held in the case, including two Counter-Terrorism Department (CTD) officials, had transferred the ransom money to a bank and later used the amount to purchase a luxury sedan (Mercedes-Benz), which had been recovered.