A diamond merchant has been arrested for allegedly staging a multi-million-euro raid in order to claim the insurance money.

The 50-year-old man was kidnapped at gunpoint and locked in his office in Amstelveen together with his son by three men last November, in a case that featured on the police appeal show Opsporing Verzocht. The trio made off with diamonds worth millions of euros in the jeweller’s car.

Police arrested the alleged kidnappers, a 23-year-old man from Houten, a 32-year-old man from Rotterdam and a 38-year-old woman from Huizen, on the basis of tips from the public.

The dealer was arrested on April 18 after police recovered jewels in a raid on his home and wholesale business. The insurance company, which had already paid out a chunk of the compensation claim, is pressing fraud charges.