Recently, news from the Chinese business community in the Philippines has emerged that a leader in the steel industry, known as an influential Chinese businessman, is suspected of being kidnapped, causing widespread concern in the business community. Known within the business circles as the "Angelic Trader" (AT), he not only holds a key position in the steel industry but is also a major donor to several charity projects of his Chinese business group.
According to insiders, AT was kidnapped by kidnappers while dining at a well-known seafood restaurant in the Metro Manila area. The process was swift and low-key. It is reported that this kidnapping may be related to a recent kidnapping of a Chinese student, suspected to be by the same criminal group, which is brutal and specifically targets the upper echelons of society.
Initially, the kidnappers demanded a ransom of 120 million pesos. After several low-key negotiations, an agreement was reached to pay 100 million pesos, and AT was released today. It is understood that AT actively participates in social activities and usually travels only with a driver, without bodyguards.
As of now, the Philippine police have not issued an official statement or confirmed this incident, but the news has been widely spread among the Chinese business community and the wealthy class, raising concerns about security. Many business people are calling on the government to strengthen security measures to prevent similar incidents from happening again.
This incident once again highlights the security risks faced by high-net-worth individuals in the Philippines. Business leaders and the wealthy class need to be vigilant and take necessary security measures to ensure personal safety.
