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Scrap Trader Held Ransom By Government Owned Company.

http://shanghaiscrap.com

Ningbo Yibao, a State Controlled metal trading company's principal trader James Xu kidnaps a foreign scrap-metal trader and demands a $350,000 ransom for his release. Passport demanded by James Xu, the scrap metal trader attempted to flee to Shanghai airport (not specified which on in the rough area) and was kidnapped at the airport. British Embassy and Ningbo police powerless to release the metal trader. Damn.

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Alex's picture
Hao'd by Alex 10 weeks 6 days ago- – Made popular 10 weeks 5 days ago
Category: China Business   Tags:
Ryan's picture

Ryan

10 weeks 5 days 20 hours 3 min ago

That's absolutely insane.

jaycasey's picture

jaycasey

10 weeks 5 days 18 hours 44 min ago

This is absolutely quite common in China as has been previously pointed out at UncleChina.org

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