Police vehicles are seen near the bank where the kidnapping happened in Moscow, Russia, Aug. 24, 2016. [Photo/Xinhua]

All of the four hostages in a bank kidnapping in central Moscow have been released after the kidnapper surrendered, local media reported Wednesday.

Preliminary information indicated that the kidnapper is a businessman named Aram Petrosyan, 61, who entered a citibank branch on Bolshaya Nikitskaya street in Moscow on Wednesday evening with a box strapped to his chest, threatening to blow himself up.

Four employees of the bank were then taken hostage. Two females of them were freed later.

The kidnapper surrendered after hours of standoff with the police, and the box he brought with him has been proved to be a fake bomb.

The man is currently being taken for questioning. The motive behind the kidnapping is yet to be known.

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