Multi-million-dollar gold heist: Bandits cart off $38M cash, $20M in raw gold- Police

Investigators probing the multi-million-dollar gold heist at a Gordon Street, Kitty, enterprise have revealed that the three armed men carted off over $38 million in local currency and $20 million worth in raw gold.

Thus far, a security guard has been arrested and is assisting with investigations.

A police release detailed that a 45-year-old goldsmith and a 20-year-old cashier were at work at Wallison Enterprise, Lot 23, Gordon Street, Kitty, when the bandits entered at 10:05hrs on Thursday.

Police said the three suspects came with a white car and parked it north of the building and entered the compound, through the main gate. They reportedly indicated to the security guard that they were there to sell gold, before entering.

Police said the armed suspects then entered the waiting area where they spoke to the cashier and showed her a small package, which they claimed contained the gold to be sold.

Immediately after, the suspects drew their firearms and ordered her into an office where the money and gold were secured.

Simultaneously, the goldsmith and another man were in the said office and they were also held at gunpoint.

The suspects then ordered the victims to open the two metal safes after which they handcuffed the victims with zip ties.

They then relieved the victims of one cellphone valued $300,000; another valued $60,000; $38 million in cash and 60 ounces of raw gold valued $28 million.

The suspects then locked the victims in one of the offices and escaped.

The cashier then raised an alarm, alerting the security guard, who immediately rushed to her rescue and kicked open the office door.

The entire incident was captured on CCTV cameras.

Investigations are ongoing.