Sunday, May 26, 2024

Banks robbed of P22 million in four years

The Minister of Justice and Security Kagiso Mmusi has told Parliament that cash stolen in all heists, bank robberies and ATM blasts amounts to a total of P22.6 million. 

“Out of the stolen cash, an amount of Five Million and Ninety-Six Thousand Two Hundred and Eighty-Nine Pula (P5, 096, 289.00) has been recovered and Seventeen Million Five Hundred and Nine Thousand Five Hundred and Forty-Five Pula (P17, 509, 545.00) remains unrecovered,” said Mmusi. 

He said although there was an escalation of incidents, currently indications are that there is a downward trend and with concerted efforts by law enforcement agencies, he assured Parliament the country will continue to see a reduction in this crime. 

There's more to this story

But to keep reading, we need you to subscribe.

Investigative journalism is an indispensable part of a healthy society, but it's also expensive to produce. We are reliant on subscriptions to fund our work, and while you can enjoy most of our stories for free, a small number of premium features are reserved for subscribers.

You can subscribe for one week, a month or a full year - the choice is yours.

Save 77% on an annual subscription. Click here to find out how.

Existing subscribers can log in to keep reading here.

RELATED STORIES

Read this week's paper