Beyond Capital

Polemics, Critique and Analysis

Financial Meltdown – A Last Resort?

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Finance Capital in general holds the whole economy and public saving to ransom, then why cannot its poor agents kidnap a child for ransom?

2 MBA students held for kidnapping teen
25 Nov 2008, 0341 hrs IST

NEW DELHI: In a shocking fallout of the financial meltdown, two part-time MBA students who had apparently lost heavily on investments in stocks and real estate decided to make good their losses by joining in a plot to kidnap a 15-year-old south Delhi boy. The operation went awry when the mastermind, a cousin of the victim, panicked and dumped him at Okhla from where a passerby brought him home.

Arjun Jhamb Verma, a Class IX student of Gyan Bharati School in Saket, was kidnapped on his way to school on the morning of November 20. By Sunday night, the south Delhi police had arrested the two MBA students along with four others, including the kingpin who is an electronics and real estate dealer. The others include an inter-state extortionist and his accomplice as well as a hair-stylist.

Both MBA students were pursuing their course through correspondence. Police said Piyush Jain (24) had enrolled in IMT Ghaziabad and also dabbled in shares. His close friend Rohit Chopra (24), who is doing an MBA from Ignou, is a property dealer in Gurgaon. He had apparently lost a lot of money due to the slump in prices of flats. Rohit had also invested in the stockmarket at Piyush’s insistence.

Rohit’s father is a general manager at a leading hotel in the capital while Piyush’s father is an established graphic designer with his own setup in Karol Bagh.

Courtesy: TOI

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Written by Pratyush Chandra

November 24, 2008 at 10:49 pm

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