The latest in a series of kidnapping of foreign businessmen in Argentina is surrounded by mystery.
The latest in a series of kidnapping of foreign businessmen in Argentina is surrounded by mystery. Vicente Russo, an Italian-born executive of an American firm was abducted from his car between his home in a Buenos Aires suburb and the Standard Electric Corporation's factory where he is production chief. Police sources said he may be in the hands of left-wing urban guerillas. Mr. Russo's family and Standard Electric representatives denied receiving any communication from the kidnappers.
A company spokesman said Mr. Russo's car was intercepted by a van on his way to work. Twelve men forced him and his chauffeur into a third vehicle at gunpoint. At the time, the executive was not far from the factory where he worked. After the kidnap, his home was being guarded by police. Mr. Russo, aged 42, is married with two children, aged eighteen and seven years. Mr. Russo was assigned to the Buenos Aires factory eighteen months ago from Standard Electric's plant in neighbouring Brazil.
Last week, urban guerrillas were reported to have received GBP420,000 sterling (US $1 million) demanded for the release of a British business executive. A Buenos Aires newspaper said it received a statement signed by the People's Revolutionary Army that the full ransom had been received. Mr. Ronald Grove, the sixty-four-year-old general manager of a British-owned firm, was released on December 20th after being kidnapped as he drove towards a Buenos Aires golf Course.
SYNOPSIS: Buenos Aires police are guarding the home of a kidnapped Italian-born business executive, Mr. Vicente Russo. He is the latest victim of a series of kidnapping in Argentina. On Wednesday, he was abducted from his car on the way to an American factory where he is production chief. His family and company officials denied receiving any word from the kidnappers.
Mr. Russo's car was forced off the road by a van. Twelve men forced him and his chauffeur into a third vehicle at gunpoint. He was not far from the factory.
Police sources said urban guerrillas might be responsible. A revolutionary group was reported to have received four-hundred-and-twenty thousand pounds for releasing a kidnapped British businessman on December 20th.