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Dhs 2m Sharjah robbery: Guard, two others held

SHARJAH — A security guard of Group 4 (G4) and two others were arrested by Sharjah Police yesterday for robbing Dh2 million from Wall Street Exchange in Sharjah. The police have returned the recovered money to G4 management.

The guard, who disappeared with Dh2 million, had been working in the company for just a month.

A police source told Khaleej Times that the security guard, identified as I. K, who was working in the cash transporting section, disappeared with Dh2 million which he should have transported from Wall Street Exchange in Al Arooba Street of Sharjah to a bank in the same area. When the G4 management realised the disappearance of its employee with the money they informed Sharjah Police. By tracking the mobile number with the help of Etisalat Sharjah, CID officers, with cooperation from Dubai Police, managed to arrest the guard along with his collaborators in Dubai.

Ready to flee

At the time of their arrest, they were preparing to flee the country.

Speaking to Khaleej Times, the Wall Street Exchange Managing Director Abdulla bin Ghalib, said: “Wall Street Exchange is committed to delivering highest level of security to its business. This was an unfortunate incident on account of a few irresponsible people who have no link with Wall Street Exchange.

“We are happy with the prompt action on the part of police.”

Hennie Uys, managing director for cash services, said the G4 which has been providing security services for nearly 100 years, is currently operating in 110 countries.

“In the UAE, G4 has 800,000 cash-handling services. This incident is just a solitary case. It happened because the cashier of G4 who was authorised to receive cash, neglected the safety procedure by giving the cash container to an escort officer, whose only job is to guard the cashier,” Uys added.

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