Globalization at Work

Guatemalan gunmen steal US$8m from a bank:

The money came from six private banks and was being sent to the [US!] Federal Reserve for safekeeping, said Hector Arevalo, the director of the company transporting the cash.

He added that this kind of cash transfer was routine.

Vielman initially told reporters the money was from the Guatemalan Central Bank. [i.e. he lied]

Authorities believe the robbery was an inside job, Vielman said, noting that the thieves drove into the restricted area in a government-authorised car.

No doubt the robbers plan to distribute the money to Guatemala's poorest communities. No doubt...