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4.5 million francs stolen from armoured car in Bern

A Swiss court on Friday revealed for the first time that an armoured truck had been robbed in Thunstetten, in the canton of Bern.

Published: 8 December 2019 16:54 CET

4.5 million francs stolen from armoured car in Bern

Photo: Depositphotos

The court heard that investigators have been able to find no trace of the money.

The Swiss Federal Court on Friday revealed that the money was taken on July 1st, with assistance of the driver of the armoured car.

The perpetrator, who confessed to the theft, took the money from the truck and placed it in another vehicle and transported it to a garage in Rickenbach.

Initially arrested on August 14th, the man has been in police custody since – but applied for a release from prison in October.

No trace of the loot

The court heard that the accused perpetrator transferred the money to an accomplice who has now been imprisoned in the Czech Republic. Swiss authorities are considering making an extradition order.

Four people are currently in custody for receiving stolen money.

Armoured car heists are frequent in Switzerland, particularly in Vaud. The most recent took place on the 2nd of December, with attacks also taking place in Vaud in April, June and August of 2019.

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Is it better for consumers in Switzerland if the Swiss franc is strong or weak?

Generally speaking, when a country’s currency is strong — as the franc is right now against both the euro and dollar — consumers benefit on several fronts.

The main reason is that they will get more bang out of their francs, especially in these situations:

Imported goods

Since the exchange rates between the Swiss and foreign currencies are in franc’s favour, any merchandise that comes from abroad will, in principle, be cheaper.

If you go shopping in a supermarket and find, for instance, that the price of Swiss eggs hasn’t budged (and certainly not downward), you will have more luck with eggs imported from Germany or France.

However, while you may see some savings when purchasing foreign goods, this may not be a huge amount.

The reason, according to Moneyland consumer platform, is that “Swiss importers are not obligated to pass on extra profits earned on exchange rates to customers – and many of them don’t reduce prices at all.”

Cross-border ‘shopping tourism’

Most products are cheaper — and sometimes by much — in other countries.

Even though inflation rates are higher abroad than they are in Switzerland, as is the Value-Added Tax, the franc’s power means it is still worth your while to buy your groceries in France, Italy, Germany, and other eurozone countries as well.

That, however, doesn’t mean that all products are cheaper abroad – it all depends on the specific goods and services in question.

For example, in general, electronics have lower price tags in Switzerland than in the EU countries.

READ ALSO: The one product that is cheaper in Switzerland

Foreign vacations

With the franc stronger than the euro and US dollar, you can definitely benefit from travel abroad.

Whether just for a long weekend or full-scale holidays, you will be able to get more out of your money in many foreign countries, at least in terms of accommodations and food, than you would for the same amount of money in Switzerland.

Keep in mind, however, that the strong franc will not compensate for the cost of getting there and back, as the prices for airplane tickets, train travel, and petrol remain high.

All that is good, but is there a flipside as well?

The biggest ‘negative’ of the strong franc is that export-based companies suffer, because the goods they sell are too expensive abroad.

You may argue that this affects economy as a whole rather than individual consumers, and you’d be right — but only up to a point.

That’s because whatever happens in the economy at large will eventually trickle down to, and affect, the population, along with consumer confidence and spending habits.

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