Bank heist: Security van driver runs away with Rs52 million

Driver was part of a three-man team meant to protect the cash.


Shamsul Islam May 17, 2011

FAISALABAD:


A security van driver robbed a bank of Rs52.5 million on Monday evening from three bank branches in Faisalabad.


The driver was part of a three-person security team hired by a bank, which had hired Phoenix Armour to securely transfer cash from three of its branches to the State Bank of Pakistan’s local office.

According to police officials, the van had stopped at the bank branch in the Rail Bazaar area of Faisalabad to collect cash.

Two of the three people in the van got off to collect the money and when they came out, they found that the driver, Sajjad, had driven off with the cash they had collected from other branches.

The guards and staff of the security company called the police after a few minutes and informed them of the robbery.

Police cordoned off the area as they began a search for the driver.

The total amount of cash missing is around Rs52.5 million.

Sources quoted police officials as claiming that they have constituted an investigative team to locate the driver.

They claimed that they had conducted raid on Sajjad’s possible hideouts.

There was no trace of the driver until the filing of this report till late on Monday night.

Published in The Express Tribune, May 17th, 2011.

COMMENTS (7)

Amin Malik | 10 years ago | Reply yes.it was G4S .TAhey enroll civillians .their performance is highly questionable. i have experienced phoenix is reputable n trustworthy
haseeb | 10 years ago | Reply It is not phoenix dear.it is only and only G4S.Basiclly what i think as a bussinessman that it is not the fault of down staff.it is fault of the area head or you can say regional head whose only work is to verify his staff and to give guidence to sub ordinate to verify these characters.but if he siting in the cool room and give ok report to his high authority then he is failing to do his work with honesty.phoenix is a good company with a good regional heads on that.poor G4S.
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