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High-tech bid to rob bank of $421M falls flat

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posted on Mar, 18 2005 @ 05:51 AM
LONDON - British and Israeli authorities are investigating an attempted robbery of $421.2 million at the London offices of the Japanese bank Sumitomo.

The theft has raised fears of the threat posed by organized gangs of computer hackers. British police have in the past warned financial institutions to be alert to such crimes.

A spokeswoman for Britain’s National High Tech Crime Unit confirmed there was an ongoing investigation into the attempted robbery but declined to offer further details.

Israeli police said they had arrested a 32-year-old man in connection with the crime.

Yaron Bolondi was arrested in a suburb near Tel Aviv under suspicion of being involved in an attempt to launder approximately $27 million. Bolondi's business account had allegedly been the intended recipient of a share of the cash, Britain's Sky News reported.

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