Boy abducted from Gold Coast found in northern NSW

He was last seen on Clover Hill Drive in Mudgeeraba Queensland

Zhen Jie Zhang, 53, will be formally charged with kidnapping for ransom ahead of appearing in Southport Magistrates Court tomorrow. Police allege Mr Zhang was the driver of the vehicle.

Speaking through a Cantonese interpreter, Mr Zhang told the hearing: "I had no intention of doing what I did".

Police issued a statement saying that they believe other people may be involved in the kidnapping of the boy, who was allegedly abducted from outside his house and held for ransom over financial issues.

The boy's family arrived in Grafton on Saturday and were reunited with him at the police station.

He was found by police in Grafton in New South Wales a short time ago and is believed to have suffered no major injuries.

It is understood that he was found lashed to a headrest by his neck in the backseat.

He was, as a precaution, taken to the local hospital for an examination.

Following a tip-off from a member of the public, he was found in the auto with a 53-year-old man who was taken into custody.

Detectives are now searching for a second man they believe may be involved amid concern the incident may be part of a global extortion racket.

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Detective Inspector Hogan said it was in relation to "personal loans" and police were also investigating the possibility of other people being involved.

"That gives rise to whether there are other activities they might be involved in".

Magistrate Stafford told Mr Zhang he could do that in Queensland.

Police said they found the boy after following a auto linked to his alleged abduction using Main Roads camera networks.

Police were also able to track the auto using a traffic camera network before setting up a series of road blocks in an attempt to intercept the driver. "(The boy's) sister told me they don't get to see their dad much anymore".

But Det Insp Hogan was unable to say what the boy had been bound with.

"Initially there was some information which appeared that if it had been run out in due course the matter would have been resolved pretty quickly but it didn't work out that way", he said.

He was a student at one of the Gold Coast's most prestigious schools.

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