MONTREAL - A Montreal businessman who was released after he was allegedly held captive for a day said he believes he was kidnapped due to a personal matter involving money and jealousy.

Reza Mohammad Tehrani-Cohen, was released in north-end Montreal late Tuesday afternoon after he was abducted from the Town of Mount Royal at 5:45 p.m. the day before.

Tehrani-Cohen said he was leaving the offices of Aviron Technical Institute, which he owns, when he was approached by two men.

The business owner had finished his workday and was standing in front of the building at 5500 Royalmount Ave., between Devonshire Rd. and Royden Rd.

One of the men showed him a badge, said Tehrani-Cohen, who had visible bruises on his face Wednesday when he spoke with CTV's Paul Karwatsky.

"He said, ‘We are from the police of Montreal and we want to ask some questions,'" said Tehrani-Cohen, adding that he was told to come to the station.

The 53-year-old father of five, who has been the subject of various civil lawsuits and is currently on trial for fraud, got into the beige Jeep Liberty. He told his son to follow their vehicle.

The Jeep soon sped up and Tehrani-Cohen became concerned, he said.

"All of the sudden the guy beside me started attacking me and he start throwing punches and I was in shock," he said.

Tehrani-Cohen said the kidnappers forced him into handcuffs, then switched cars near Place Versailles shopping centre in Anjou.

Tehrani-Cohen and his alleged captors switched cars again near the Rivieres des Prairies oil refineries before heading north.

He was held at a country home near Lachute overnight, he said, and that his kidnappers planned to organize a ransom demand Tuesday before media coverage of the event set off a scramble among his kidnappers.

"I felt they were nervous, which I didn't know if it was a good sign or a bad sign, because either they're nervous so they (could) say, ‘Let's kill him and throw him somewhere,'" he said.

Tehrani-Cohen was released and he said he was given a warning about revealing information about the abduction.

"(They said), ‘We'll find out and your family's going to be in danger,'" he said.

Tehrani-Cohen has been interview by the media, but has not been forthcoming with police about the alleged abduction, said Montreal police Const. Raphael Bergeron.

"The victim in that kidnapping hasn't cooperated much with police service at this point," said Bergeron.