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In Baghdad, bank robbers kill 8 guards, steal nearly $7m

By Hamid Ahmed
Associated Press / July 29, 2009

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BAGHDAD - Gunmen killed eight security guards and made off with nearly $7 million yesterday during an early morning robbery at a bank in central Baghdad that police say is the work of insurgents attempting to finance their operations.

It is the second deadly robbery in a week in Baghdad’s commercial Karradah district. Although violence has dropped dramatically over the past two years, the number of robberies in Iraq appears to be on the rise.

A special committee made up of Iraqi army, police, and bank officials was formed to investigate the robbery, which netted 8 billion Iraqi dinars, or $6.9 million, said an Interior Ministry official.

The gunmen broke into the state-run Rafidain Bank at about 4 a.m., killing three on-duty guards and five others on the premises, who were either on a break or asleep, said an Iraqi police official.

Investigators believe the gunmen used silencer-fitted weapons during the attack because witnesses and neighbors didn’t hear any gunshots.

It was not immediately how many gunmen were involved or how the money was secured in the bank at the time of the robbery.

Another official said the robbery appears to be the work of insurgents trying to get cash to finance their operations. He did not explain what evidence led him to that conclusion.

All the officials spoke on condition of anonymity because they were not authorized to release the information to the media.