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String of Arrests in France’s Biggest Bank Robbery

February 17, 1993

MARSEILLE, France (AP) _ Police reportedly arrested about 20 suspects Tuesday in connection with the nation’s biggest bank heist - a $30 million robbery of a Bank of France branch.

The suspects were arrested in Marseille, Cannes and Toulon, where the Dec. 16 robbery occurred, said police sources, who spoke on condition of anonymity.

The arrests were based on information provided by a bank worker who has confessed to taking part in the robbery, the sources said.

There were unconfirmed reports $1.8 million of the stolen money had been recovered.

The robbery of was a highly organized operation by about 10 men, investigators said at the time.

The robbers took a bank security guard and his family hostage, strapping him with dynamite sticks and leading him to the bank at the close of business. The safes were emptied in front of 15 employees.

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