The man, whose identity was not disclosed, was traced to an address in the Paris suburb of Essonne, which police raided late Saturday, the prosecutors' office said in a statement.
“The victim appears to be the father of a man who made his fortune in cryptocurrencies, with the crime involving a ransom demand,“ the prosecutors’ statement said.
A source close to the investigation told AFP that one of the father’s fingers had been chopped off. “There were fears of other mutilations” if police had not raided the property, the source said.
The victim's wife told investigators that her husband and the wealthy son who both owned a crypto marketing firm in Malta had been targeted by threats in the past, a police source said.
Ballard's finger was cut off by his kidnappers, who demanded a hefty ransom. He was freed the next day, and his girlfriend was found tied up in the boot (trunk) of a car in the Paris suburb of Essonne.
Earlier in January, a 56-year-old man was found in the boot of a car near the city of Mans. Several media reported that he was the father of a crypto-influencer based in Dubai who boasted online of his profits, and that a ransom was also made.
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