Armed robbers snatch $500,000

Two armed men made off with $500,000 from a Scotia Bank Automated Teller Machine (ATM) in Princes Town yesterday, after they ambushed two security guards while they were in the process of replenishing the machine. According to police reports, three G4 Security guards went to the Scotiabank ATM at Craignish, Princes Town,  around midday to attend to the cash supply.

Two of the guards were armed with revolvers in the armored van. When they arrived at the ATM the armed guards disembarked and left the driver in the vehicle. He was unarmed. As they approached the ATM, a man exited the ATM and was joined by another who was standing on a staircase at the side of the building. The men took the security officers’ guns and two bags of money, ran towards a nearby gas station and entered a waiting vehicle which sped off.

A police patrol, passing at the time, pursued the vehicle which headed onto the Tasker Road. A shoot-out ensued between the police and the men. The men abandoned their vehicle and escaped into some nearby bushes. Investigations are continuing.