The spectacular multimillion-euro heist nobody noticed

[Mr. Sparkle]

It has been described as Germany's most "spectacular" bank heist in years. On a quiet weekend just after Christmas, a group of thieves broke into a High Street bank in the western town of Gelsenkirchen, by boring through a wall with an industrial drill. They looted more than 3,000 safe deposit boxes and made off with millions of euros.

Over a month later, police have yet to make an arrest.

For the bank's clients, some of whom say they have lost their life savings and precious family jewellery and valuables, this is a time of anger, confusion and shock. There is a strong sense that trust in institutions has been shaken. The case has thrown up all sorts of difficult questions, and some of them have been spelled out by Herbert Reul, the interior minister in the western state of North Rhine-Westphalia.

Why did no-one notice what was going on? Was it an insider job?Why did no-one hear the drill and how did the thieves know exactly where the vault was?Were the bank's security systems too weak? Police in Gelsenkirchen are appealing for witnesses to come forward. The heist must have taken place some time between Saturday 27 and Monday 29 December, according to officials, who think the burglars may almost have been caught shortly before reaching the vault. Just after 06:00 on 27 December, the fire brigade in Gelsenkirchen and a private security firm received a fire alarm warning from the bank, which may have been triggered by the thieves. Police and 20 firefighters arrived at the bank at 06:15, "but could not find anything that indicated damage", police said in a statement.

more... https://www.bbc.com/news/articles/cm2y2538lz8o

[FakeNoose]

1. The bank is at fault, it's their liability

But it wasn't the bank's assets that were taken, it's the private deposit box holders' property.

The bank has no way of knowing what was in those deposit boxes, since the owners' are assured of privacy. They might have had cash in there, or jewels, valuable works of art, or just items that have value only to them and nobody else. It's the same thing in the US. How does the bank compensate for these losses?