In a recent development, a court case has been initiated against an individual in connection with a significant silver bullion theft amounting to $1 million. The incident dates back to 2021 when a truck transporting 960kg of silver bullion from Maldon to Melbourne was targeted. The consignment, comprising 192 5kg bars of silver bullion, was valued at $1,015,000 at the time of the theft, escalating to over $1.4 million presently.

Upon reaching Melbourne, the disappearance of the silver bullion was detected, prompting the involvement of the Camden Police Area Command. Subsequently, the case was transferred to the Robbery and Serious Crime Squad’s jurisdiction under Strike Force Caimon. After an extensive probe, which involved public appeals for information, a 40-year-old suspect was apprehended at a Wee Jasper location.

The individual, facing charges of larceny and armed intent to commit an indictable offense, was taken into custody and subjected to a search of his properties in Bargo and Tahmoor. Various electronic gadgets and business documents were confiscated for forensic scrutiny. The accused has been denied bail and is scheduled to appear in the Goulburn Local Court for legal proceedings.

Despite the arrest, the stolen silver bullion remains unrecovered. Authorities are actively seeking any leads that could aid in the retrieval of the stolen assets. The investigations under Strike Force Caimon are ongoing, emphasizing the importance of any relevant information from the public. Individuals with knowledge related to the case are encouraged to reach out to Crime Stoppers at 1800 333 000 or via the website https://nsw.crimestoppers.com.au.

This incident underscores the significance of safeguarding valuable assets like silver bullion and the collaborative efforts required to address such crimes effectively. The intricate details of the case shed light on the meticulous nature of police investigations and the pursuit of justice in instances of high-value thefts. As the legal proceedings unfold, the focus remains on recovering the stolen silver bullion and ensuring accountability for those involved in the heist.