Bogus cash-in-transit collectors steal R5m

2012-03-07 22:38
Johannesburg - A man has been arrested for stealing R5m from Gauteng businesses in fake cash-in-transit collections, police said on Wednesday.

The 50-year-old man was arrested in Hekpoort, Krugersdorp, on Tuesday when he was found in possession of Coin security company cash collection receipts, said Lieutenant Colonel Tshisikhawe Ndou.

Two cash collection boxes and a dismantled cash-in-transit van were also recovered.

The man and accomplices went to shops and companies and picked up their cash before the real cash vans arrived, said Ndou.

He said the van was reported stolen in Diepkloof in 2010. It was believed that the man modified it into a cash-in-transit van, but dismantled it when he realised the authorities were closing in on him.

The man was linked to 22 false collections in Gauteng since 2010. He would appear in Krugersdorp Magistrate's Court on Thursday.

Police expected to make more arrests soon.

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