Armed gang stormed into the building and held staff hostage before packing the boxes containing money into the getaway car

Thembela Khamango

Thembela Khamango

Millions of rands in the custody of Coin Security was stolen at the company's Midrand branch during a robbery on Saturday.

Sources said that an organised armed gang stormed into the security company' s offices at about 5pm on Saturday and stole R50million.

But both police and Coin sources would not be drawn into divulging the details of one of the biggest heists in the country.

By late yesterday the robbery was still being kept under wraps and no official statement from the security group was available at the time of going to press.

The gang apparently ambushed a Coin Security vehicle that was returning money to the depot and disarmed two guards.

They then proceeded to the depot, masquerading as Coin Security personnel. Unsuspecting Coin Security guards at the gates let the vehicle on to the premises.

"They gained entry to the premises because they were dressed in the guards' uniform and driving the company's vehicle.

"The vehicle was coming to drop off money when the gang hijacked it. They drove into the premises in the car. Once inside they held staff hostage while they packed boxes with money into the getaway car," said the source.

Nobody was injured during the incident and no one has been arrested.

A Sowetan source said a police crack team assigned to the case was following the leads and working round the clock to solve it.

Police and the security company would neither confirm nor deny the incident."I heard about that, but I don't have full details at the moment. I don't want to speculate. I will issue a press statement when I have full information," said Superintendent Eugene Opperman, North Rand police spokesman.Provincial police spokesman Superintendent Lungelo Dlamini said: "Nobody can confirm that. I will suggest you write what you have."A man speaking on behalf of the security company, who only identified himself as Tony, was also of no help with his answers. "Where did you [Sowetan] get that information? We cannot divulge any information at the moment. "Call tomorrow and speak to one of the directors. They will issue a statement," the man said.

"I heard about that, but I don't have full details at the moment. I don't want to speculate. I will issue a press statement when I have full information," said Superintendent Eugene Opperman, North Rand police spokesman.

Provincial police spokesman Superintendent Lungelo Dlamini said: "Nobody can confirm that. I will suggest you write what you have."

A man speaking on behalf of the security company, who only identified himself as Tony, was also of no help with his answers.

"Where did you [Sowetan] get that information? We cannot divulge any information at the moment.

"Call tomorrow and speak to one of the directors. They will issue a statement," the man said.

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