Thursday 15:29IL: According to limited information released a short time ago, 12 Israelis are being held hostage by 300 Chinese in the Caicos and Turks Islands. The Israelis being held were apparently part of a team working on a construction site for a major tourism project.

It appears the global economic crisis played a role in this developing story. A bank collapse has led to the cancellation of the project. The Chinese workers believe they will not be paid and have taken the Israelis hostage demanding ransom for their release.

Further details will be posted when they are available.

(Yechiel Spira – YWN Israel)