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By Staff Reporter : PNG Today

Two sentenced over Bank heist

A senior judge has commended police investigation into the K6 million robbery of the May Bank in Port Moresby in 2013.
Police arrest of Thomas Karo, a guard with G4S Security, 20 days after the robbery, has led to a successful conviction and sentencing yesterday, to 11 years in prison.
More than K320,000 was also recovered from Karo.
The K6 million heist is the biggest amount ever robbed from a bank in the country.
Judge Panuel Mogish said if anyone has to take credit for recovering some of the money, it has to be the men and women in blue.
He said, they worked tirelessly under difficult circumstances.
The recovery of the monies and arrest of Karo was as a result of speedy and intensive investigation conducted by police after the 4th October robbery.
Karo had pleaded guilty to receiving stolen properties.
A G4S security armoured vehicle transporting the money to the Bank of PNG was intercepted and monies in the vault taken.
Two out of the 12 men remanded in custody at Bomana have been sentenced.
Karo will serve 5 years 9 months with the rest deducted in time spent in prison and is also eligible for parole.
Other accused will stand trial at the National Court at a later date.
NBC News/ PNG Today

Posted by Staff Reporter : PNG Today on 11:12 PM. Filed under , , . You can follow any responses to this entry through the RSS 2.0. Share this Article


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