Man arrested over alleged R450 000 theft in Paarden Island, CTN

Man arrested over alleged R450 000 theft in Paarden Island, CTN
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A 44-year-old man has been arrested in connection with the alleged theft of nearly R450 000 from a stationery vehicle in Paarden Island, Cape Town.

Police also confiscated three jamming devices at an address in Mitchells Plain.
Police spokesperson, Ndakhe Gwala, says the theft was reported by a businessman on Monday, who suspected that his car was jammed.

He was transporting cash to the bank, and he made a stop at Section Street, Paarden Eiland.

That is when he suspected his vehicle was jammed.

“When he came back, the motor vehicle was unlocked, and a cash amount of R449 000 was missing.”

Gwala says the Anti-Economic Crime Task Team received information that suspects were splitting the money at an address on Mockingbird Street, Watergate.

“They immediately went to the mentioned address and found a 44-year-old male suspect. A search was conducted, and three signal jamming devices were found, as well as a large sum of cash that he could not account for. The suspect was arrested for possession of stolen property.”