Radhakrishna Kanti Wada (40), who runs a small plywood factory, was abducted at gun point by suspected militants of Kangleipak Communist Party Military Council (KCP-MC) from a place near his house at Kanglatongbi area in Senapati district yesterday, they said.
The police, who had launched a search operation for Wada at suspected places, including Chirang area, was fired upon by militants from a house in the area.
In the ensuing encounter an unidentified militant of KCP-MC was killed, they said, adding that one 9 mm pistol, one hand grenade and some documents were recovered from the ultra.
Wada, who was in a house at Haraothel Kuki village near Chirang area, was rescued last evening, they said, adding that the body of the slain militant has been sent to Regional Institute of Medical Science and Hospital for post mortem.
Family sources of Wada had said that a huge sum of money was demanded for the safe release of Wada earlier. Police said they are investigating into the incident.
