Payback time: cops might have to repay R100m robbers stole in heist
Insurers Lloyd’s of London are demanding a refund from the minister of police
Insurers are claiming more than R100m from the police minister in a sequel to a 2014 cash heist at a security company vault in Witbank.
Two police officers were part of a gang that planned and executed the R104.4m raid at SBV Services. In 2018, all 13 robbers were jailed for 20 years.
Lloyd’s of London paid out on SBV’s policy, and now it wants the police minister to refund it...