Manhunt Underway in D.C. for Suspect Who Kidnapped Georgetown University Student

Police released surveillance video of the suspect on Friday.

— -- A manhunt is underway in the Washington, D.C. area for a suspect who kidnapped a male Georgetown University student Thursday afternoon, forcing him into an SUV and driving him to ATMs and high-end stores in an attempt to withdraw money from his bank account and use his credit card, police said.

According to a Metropolitan Police Department report obtained by ABC News, the victim told officers that at approximately 3:20 p.m. on Thursday on a residential street in the District's Georgetown neighborhood, the suspect "asked him for money and after he hesitated to answer, [the suspect] grabbed him by the arm and pulled him into his car."

According to the victim, all transactions were declined.

The suspect then fled the scene in an unknown direction, according to the police report. The suspect's vehicle is described as a light gray or silver SUV or crossover-style four-door of an unknown make or model.

Police described the suspect as a white male in his late 30s to 40s, 5 feet 9 inches to 6 feet tall, with a medium build, dark-colored hair, dark-colored mustache, and a beard. He was last seen wearing a black suit, black shirt, gray neck tie, and black shoes.

A surveillance video was released by police Friday of the suspect and the victim in one of the stores they allegedly visited, according to ABC affiliate WJLA.

Georgetown University issued a statement Friday alerting students and staff of the incident, adding that the Georgetown Police Department "is coordinating with Metropolitan Police Department to increase patrols in the area."

And Princess Adentan, another student, told WJLA, "It makes you think about your safety on-campus, or near campus for that matter."

ABC News' Benjamin Stein and Chad Murray contributed to this report.