A Hubballi resident was kidnapped and assaulted by three individuals over a financial dispute involving unpaid investment returns, according to Suburban Police. The victim, Prasanna J E, was allegedly abducted by Pradeep Belagikar, Samsuddin, and a third unidentified man, all reportedly from Belagavi.

The trio forced Prasanna into a car and drove toward Goa. During the journey, they stopped in a forested area and physically assaulted and threatened him. Later, the accused took him to Belagavi and allegedly forced him to sign a blank bond paper.

In his police complaint, Prasanna stated that Pradeep had invested ₹25 lakh in a trading business he was running in Belagavi. Although initial returns were paid, business losses prevented further payouts. As pressure mounted, Prasanna claimed he shifted to Hubballi to escape ongoing threats and harassment.

Police have registered a case and launched a detailed investigation.