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Snatched $68m 'not insured'
10/08/2005 19:54 - (SA)
Fortaleza - The nearly $68m (about R435m) stolen in a spectacular tunnelling heist last weekend was not insured, said a bank spokesperson on Wednesday.
The weekend robbery, discovered on Monday, was the biggest bank heist in Brazilian history and second in the world after a 1987 robbery in Knightsbridge, central London, of $72m (about R461m).
A central bank spokesperson said the Brazilian cash "was not insured, because it was already in the bank's vault. That is normal procedure; we only insure money when we have to transport it".
A gang took 3.5 tons worth of 50-real bills and carried the loot unnoticed out the front door of a house in Fortaleza's business district.
Police said the robbers operated from the house, where they created a fictitious gardening company called Grama Sintetica, which allowed them to get rid of the earth they dug without suspicion.
From the house, the thieves - believed to number between 10 and 20 people - dug the four-metre-deep tunnel, passing under Dom Manoel Avenue to reach the floor of the bank's 500-square-metre vault.
Police were investigating how the robbers broke through the vault's one-metre-thick iron and cement floor.
- AFP
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