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. Last Updated: 07/27/2016

Russian Mob Ruled Out

FRANKFURT () -- Police probing the abduction of German multi-millionaire Jakub Fiszmann said Tuesday it was more likely to be the work of a German criminal gang rather than the Russian mafia or international terrorists, as some in the media have speculated.

Authorities said they believed Fiszmann, 40, was still alive, even though the kidnappers had reneged on a promise to free the Frankfurt businessman after a ransom of 4 million Deutsche marks ($2.6 million) was paid last week.

The Fiszmanns, one of the richest families in Germany, offered a 1-million mark reward Monday for information.