CHELTENHAM, Pa. (CBS) — Authorities in Cheltenham are investigating a carjacking and abduction that left a man badly beaten and five suspects on the loose.

Police say it all started at 3 a.m. Saturday in the 400 block of Waverly Avenue.

“Five males got out of a car and abducted a male who was getting out of his vehicle as he pulled up to his home,” said Cheltenham Police Chief John Norris.

According to Norris, the suspects got away in a white Infiniti, and soon after, they made demands.

“Relatives and friends received a phone call that they wanted $50,000,” Norris said.

Police say the suspects called about eight to ten times with their demands of cash.

Then, just before 8 a.m., authorities say the 27-year-old victim, severely beaten, was released at Juniper and Sycamore Streets, about four miles away from where the incident started.

“They released the man without money,” Norris said. “There was no payment.”

The victim was taken to Abington Memorial Hospital in unknown condition.

Investigators would not say if the victim knew his attackers.

Police are still searching for the five suspects and the car.  The vehicle is a 2006 white Infiniti with PA registration HTZ-7098.

Anyone with any information is urged to contact the Cheltenham Police at 215-885-1600 ext 499

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