German Bank Vault Heist: Millions Stolen, Insurance Questions Raised
AP News reports that thieves stole a significant amount of property, estimated to be worth between 10 million and 90 million euros, from safety deposit boxes inside a German bank vault in Gelsenkirchen. Approximately 2,700 customers were affected, with over 3,000 safety deposit boxes broken into, representing more than 95% of the bank’s inventory. Police believe a large drill was used to breach the vault’s basement wall, and investigators are reviewing witness statements and video footage from a nearby parking garage. The bank branch remained closed, and each safety deposit box is insured for 10,300 euros unless the customer has additional private insurance.
John Q. Hosedrinker