Formula 1 CEO's mother-in-law rescued from kidnappers in Brazil

SAO PAULO, Aug. 1 (UPI) -- Aparecida Schunck, the mother-in-law of Formula 1 CEO Bernie Ecclestone, was rescued unharmed after being kidnapped in Brazil.

Schunck, 67, mother of 38-year-old Fabiana Flosi -- Ecclestone's wife -- was abducted from her Sao Paulo home on July 22 after her maid opened the door, expecting a delivery. Sao Paulo police said a $36.7 million ransom was demanded, but that no one paid it.

Two suspects were arrested Sunday after a police operation to free Schunck. The location where she was being held, in a poor neighborhood in the town of Cotia, was triangulated through police monitoring of phone calls between kidnappers and her family.

Ecclestone, 85, worth about $3.1 billion, said he wanted to travel to Brazil to assist in efforts to free Schunck, but security officials said it may be counterproductive. He and Flosi remained in the United Kingdom.

Schunck was tied up but was rescued unharmed.

"I only ask for these bandits to be jailed so they can't abduct anyone else in Sao Paulo," Schunck told Brazilian media.