According to reports, the 29 year old informed his friend residing in Hong Kong that he was being held for a AED 109,000 ransom through WhatsApp.
The suspects were identified as four Chinese nationals who were caught with the victim in a house in Makati City, Metro Manila.
They are currently under the custody of the Philippine National Police as an investigation is underway.
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Swiss prosecutors summon owners of ski resort bar after deadly blaze
Swiss prosecutors summoned on Friday the two owners of a ski resort bar where a fire on New Year's Day killed 40 people and a local newspaper said one of the couple had been detained, as calls grow for those responsible to be held to account.
Death toll in Philippines landfill collapse rises to 4
The death toll from a landfill collapse in the central Philippines has risen to four, an official said on Saturday, as rescue efforts continued for dozens who remained missing.
Australian bushfires raze homes, cut power to tens of thousands
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