BEIRUT — A Beirut newspaper said today that West German hostage Rudolf Cordes, kidnaped in Lebanon 10 months ago, will be released soon for a cash ransom.
The conservative Sunni Muslim daily Al Liwaa, quoting a diplomatic source, said Bonn had succeeded in negotiating his freedom with pro-Iranian kidnapers.
The report follows the release in September of another West German hostage, Alfred Schmidt, 47.
A Muslim security source told Reuters that a $1-million ransom was paid for Schmidt. But Bonn denied any payment.
"German hostage Rudolf Cordes will be released very soon in a deal similar to the one which secured freedom for his colleague Alfred Schmidt," Al Liwaa said.
Al Liwaa said the diplomatic source feared that another cash deal for a hostage could encourage more kidnapings.
Cordes, 53, Lebanon manager for Hoechst, a chemical company, and Schmidt, a Siemens Co. worker, were abducted separately in January, 1987, in an attempt to force Bonn to free Lebanese Shia Muslim Mohammed Ali Hamadei.