Panagopoulos released but no news on the ransom

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Greek shipowner Pericles Panagopoulos has been released by his kidnappers near the Greek capital, police say.

According to AFP, the 74-year-old owner, who was kidnapped in Athens on January 12, was released early on Tuesday, police said. His wife Katerina had made a fresh television appeal on Friday for the kidnappers to contact her after she said they had failed to do so for two days. She said she was “ready to pay the sum” to the abductors, who captured her husband along with his chauffeur in the seaside suburb where he lives. The chauffeur was found later in a rural area, bound to a tree with handcuffs and had a hood over his head, police said.

Media reported the kidnappers were demanding a ransom of between Euros35 million and Euros100m to free Panagopoulos, who founded Greece’s largest ferry company Attica.