BUSINESS

UK police: 4 arrested over cybertheft from banks

Staff Writer
Columbus CEO

LONDON (AP) — British police say four people have been arrested by detectives investigating the suspected theft of 1 million ($1.6 million) from two U.K. banks.

Metropolitan Police say cybercrime detectives launched the operation after being alerted that "a number" of bank customers had unknowingly downloaded malware by opening emails allegedly from their banks. It said 1 million pounds was siphoned from accounts, transferred to be laundered and then withdrawn as cash.

Police said Wednesday search warrants at two addresses turned up 80,000 pounds ($131,000) in cash, luxury goods and a suspected live hand grenade. Detectives also seized a Range Rover and computers.

Police said two 31-year-old men are in custody on suspicion of conspiracy to defraud, launder money and possessing an explosive. Two women in their 20s have been released on bail.