Brazil police bust tunnel intended for $317M bank heist

2017-10-03 21:14


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Sao Paulo — Brazilian police say they have foiled a bank heist plot in which would-be robbers dug a 500m tunnel to a Sao Paulo branch of government-owned Banco do Brazil.

The Sao Paulo state Public Safety Department said on Tuesday in a statement that agents had been monitoring the gang for three months but only discovered the tunnel on Monday.

By then the tunnel was complete. But police arrested 16 suspects before they could pull off the heist.

They allegedly told officers they had hoped to steal the equivalent of $317m.

Investigator Fabio Pinheiro Lopes said the gang spent $1.27m to build the tunnel from a rented home nearby.

Twelve years ago a different gang tunneled into a bank vault in Fortaleza and made away with $70m in Brazilian reals.

Read more on:    brazil

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