One man has been arrested in the kidnapping, but investigators are searching for another man they believe may be armed and dangerous.
The events of the Dec. 2 kidnapping, which police revealed Thursday, are dramatic, officers said.
"The victim in this vicious kidnapping was on his way to a hockey game when he was kidnapped by suspects and held against his will at an undisclosed location, where he was beaten and, I'd say, tortured for a number of hours," said Staff Insp. Mike Earl.
"This was well-organized. It wasn't just something that happened spur of the moment."
The suspects contacted the family of the alleged victim, who is not being identified for his safety, and demanded $500,000 for his life, Earl said. Negotiations for money continued until the family arranged to meet with the suspects and called police.
Earl would not reveal the amount of money agreed upon, but said when police arrived at the meeting spot they arrested Jason King, 31, after a "confrontation." The second suspect fled the scene and "is on the run," Earl said.
Soon after that, the alleged victim was found in the city's north end, near York Mills Road and the Don Valley Parkway after he fell off a rooftop while still blindfolded and duct-taped, Earl said. He was found by area residents with serious head injuries.
He was treated in hospital and is now recovering at home.
A Canada-wide warrant has been issued for Cardinell Senior, 32, on charges of kidnapping and forcible confinement.
It's possible that more people were involved in the kidnapping, Earl said, and police are asking anyone with information to come forward.
So far investigators haven't uncovered any link between the suspects and the alleged victim, said Det. John Dunlop. The suspects are known to police, but the alleged victim is not, he said.