"Three motorcycle-borne persons left the abducted student in the jungles and fled away taking advantage of heavy rains", said Balugaon sub-divisional police officer P K Routray.
The accused involved in the incident were, however, yet to be arrested, the police officer said.
The final year BBA student was kidnapped by miscreants from Salia Dam in Banapur police limit on Thursday afternoon at gunpoint and the abductors demanded a ransom of Rs 10 lakh from his builder father to release him.
The student of Martha Street here was going to Salia Dam along with his three friends when the incident took place. After his release the police interrogated him to know about the abductors. PTI COR SKN AMD