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Gold Rush: Bandits steal 10m euros in gold

MASKED bandits broke into a precious metals company in northern Italy early yesterday and made off with 500 kilograms of gold worth an estimated 10 million euros (US$13.24 million), carabinieri police said.

The four robbers sneaked into the Coppo Luigi SRL company, located in the small town of Valenza, about 65 kilometers north of Genoa, just after dawn. They got in through a window after the company's chief, Pier Giuseppe Ponzano, arrived at work and deactivated the building's alarm system, the carabinieri said in a statement.

The bandits hit Ponzano in the head just as he was entering the code to open the safe. They then bound him to a chair and locked him in an office while they cleared out the safe, the statement said. Most of the stolen gold was not insured.

Coppo Luigi, founded in 1965, is a precious metals company that refines and sells gold, silver, platinum and other precious metals, according to the company's Web site.


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