Lerici, December 31 - Three men were arrested on Monday on suspicion of kidnapping Italian construction entrepreneur Andrea Calevo who was abducted from his home in the northwestern coastal town of Lerici on December 16. Calevo, 31, was freed by police and Carabinieri Monday from a basement believed to belong to one of the kidnappers in the town of Sarzana near La Spezia where he was being held. Police said that when they rescued Calevo he was positioned in a corner of a windowless basement with his legs and arms bound. Calevo reportedly said "thank you" to his rescuers before bursting into tears. The owner of the property where Calevo was found has a criminal record, police said. Police said that two of the kidnappers are Italian, while the third is from Albanian. Calevo was abducted from his villa by armed men near La Spezia on the night of December 16 and his car, an Audi A3, was found dumped in a nearby river the following morning. Calevo's firm, founded by his grandfather, produces prefabricated building materials and is well known in the region. The local anti-mafia prosecutor's office, which ordered searches across northern Italy and in neighbouring countries, stressed the firm was not in debt.