An Indian businessman kidnapped on Monday in the Philippines escaped from his abductors on Wednesday and went to the police, who arrested three of his kidnappers, fellow Indians themselves.

Police from Bataan province in the central island of Luzon learned they busted an Indian syndicate that abducts fellow Indians in exchange for ransom when other Indian victims emerged after the arrest of the three Indians in separate locations in the Philippines.

The arrested Indian kidnappers were among eight people who seized Raghbir Chand, 31, while he was in Pampanga province, also in central Luzon.

Chand was taken to the gang's hideout in a village in Bataan while the kidnappers await the delivery of almost $12,000 ransom for the businessman's release. The hostage escaped on Wednesday morning.

Four Indian victims of the syndicate informed police they were kidnapped from 2002 and 2006 and paid from $23,000 to $35,000 for their freedom.

Police are hunting the other members of the kidnapping syndicate.