German Bank Heist: Thieves Drill Vault, Steal Up to €90 Million
Massive €90 Million Bank Vault Heist in Germany

In a brazen robbery that has stunned Germany, thieves executed a sophisticated heist, drilling into a bank vault and making off with property potentially worth tens of millions of euros. The incident, which occurred during the quiet holiday period, has left approximately 2,700 bank customers reeling from the loss of their valuables stored in safety deposit boxes.

The Heist: A Precision Operation

The theft took place at a Sparkasse bank branch in the city of Gelsenkirchen. According to police spokesperson Thomas Nowaczyk, the criminals struck in the early hours of Monday, exploiting the holiday lull. Their method was audacious: they used a large industrial drill to bore through the vault's basement wall, gaining direct access to the secure chamber where the safety deposit boxes were stored.

The alarm was raised shortly before 4 a.m. on Monday when a fire alarm summoned police and firefighters to the scene. Upon arrival, they discovered a gaping hole in the wall and a vault that had been thoroughly ransacked. The bank remained closed the following day, Tuesday, leading to frustration as around 200 concerned customers gathered outside, demanding access to check on their belongings.

Scale of the Loss and Investigation

The financial scale of the robbery is staggering, though precisely pinpointing the total value is complex due to the private nature of the deposit box contents. Police investigator Thomas Nowaczyk stated that the estimated loss ranges between 10 million and 90 million euros (approximately $11.7 to $105.7 million). This wide range underscores the challenge authorities face. The German news agency dpa reported that this theft could rank among Germany's largest ever heists.

Authorities are piecing together the timeline from witness accounts and surveillance footage. Witnesses reported seeing several men carrying large bags in a nearby parking garage over the weekend preceding the robbery. Crucially, video footage from the same garage captured masked individuals inside a stolen vehicle in the early hours of Monday, directly linking them to the crime.

Aftermath and Broader Implications

The city of Gelsenkirchen, located about 192 kilometers northwest of Frankfurt, is now at the centre of a major criminal investigation. The heist has raised serious questions about the physical security protocols at financial institutions, even those with reinforced vaults. For the 2,700 affected customers, the situation is one of anxiety and uncertainty, as they await news on whether their personal treasures, documents, or assets have been lost.

This incident serves as a stark reminder of the vulnerabilities in physical asset storage. While digital security often dominates headlines, this elaborate, old-fashioned break-in demonstrates that determined criminals can still target and penetrate hardened physical defences, especially during times when vigilance may be lower, such as public holidays. The investigation continues as police pursue all leads to apprehend the perpetrators.