Gyanchandra Jain,a resident of Kokar in Ranchi,who owned tyre re –cycling and mineral water plants,and his driver Umesh,are learnt to be safe in the custody of their kidnappers.

The kidnappers had reportedly demanded ‘a huge sum’ of ransom.How much?A few family members of Jain who knew about it were not ready to disclose it.

”Efforts were on to get him released by paying the ransom”,said a businessman close to Jain’s family.

Jain and Umesh who was driving Santro car had not returned home after they went out at 4.45 pm on Thursday.

On May 27,last year,the front of his house had witnessed firing for the ransom of Rs 20 lakh.The police had arrested his staff Chotu Oraon and sent him to jail.Yesterday,Chotu was produced at the court.

Jain’s son Pankaj who had lodged a complaint with the police about the mysterious manner in which his father and driver with the Santro car were missing.The cell phones of both Jain and Umesh were switched off.

The Santro car carrying a pair of sandals and blood stains was recovered from a remote area in Gumla on Sunday.The police had sent two teams-one to Bihar and another to Gumla in search of Jain.But they had returned without empty handed.

Today,Jharkhand DGP GS Rath said that the police had traced the whereabout of Jain.”Though we have gathered the clue,we will not make it public due to security reasons”,he said.