US executive held hostage by own staff pays $500,000 ransom
The American executive who was held hostage by workers at his firm's Beijing factory has arrived in the US after what he claims was a ransom payment of $500,000 (€385,000).
Chip Starnes told NBC he left the factory on Thursday following a cash payment.
The co-owner of Florida-based Speciality Medical Supplies said he went to China to close his plastics division.
When he arrived, workers in other divisions demanded similar severance packages, even though they were not being laid off.
"The factory turned against me," he said, rejecting claims that the workers were owed salaries. "That's false, they were all paid." (© Independent News Service)