Hunt on for kidnapped ferry magnate

A massive manhunt is underway in Greece after 74 year old shipping magnate Pericles Panagopoulos was seized at gunpoint from his car. Reportedly his kidnappers are asking for €40 million for his return.

Mr. Panagopoulos is the founder of GreeceÕs largest ferry company, Attica, and the President of Superfast Ferries.

His abduction is Greece's third high profile kidnapping in the past six monyjs.