Thieves caught after stealing $2.5 million worth of projectors

Thieves caught after stealing $2.5 million worth of projectors

Four men arrested after allegedly stealing $2.5 million worth of InFocus projectors from Queensland-based distributor, Revolution Technologies

One of the accused is driven off

One of the accused is driven off

Four men have been arrested following an investigation into the alleged theft of 500 home theatre audio/visual projectors from a Queensland distributor's warehouse.

The Infocus brand projectors, which were valued at $2.5 million, were stolen from Brisbane-based company, Revolution Technologies, in June 2010.

Surry Hills Regional Enforcement Squad (RES) formed Strike Force Kogo in September after inquiries revealed the alleged stolen projectors were located in Sydney. Four men were arrested on December 1 in relation to the alleged theft.

Surry Hills RES Commander, Detective Inspector Gavin Wood, said police recovered more than 160 stolen projectors from a number of locations including a storage facility in Marrickville and Auburn.

Further inquiries are still being made into the location of the remaining stolen goods.

“These are very expensive projectors valued at around $5000 each and we suspect a number may already have been sold off,” Wood said.

“Anyone with any knowledge or information regarding this alleged theft is urged to contact police.”

Revolution Technologies COO, Ian Wright, said some of the stolen projectors had been recovered about a month ago, but it was still out of pocket.

“We had video footage of the whole thing. From what I understand it was a pretty professional job,” Wright said.

Revolution has now stepped up its security measures at its warehouse facility. Wright estimated it invested a further $80,000 to $100,000 on securing the warehouse.

“We had put a 2.4m high fence around the perimeter of the building, upgraded all the security and alarms, and put digital video cameras in,” Wright said. “We’re still going through the process with the insurance company.”

So far Surry Hills RES detectives arrested a 34-year-old man, a 44-year-old Condell Park man and a 33-year-old man, who presented himself to Newtown Police Station.

Shortly after midday on December 1, the alleged principal of the group, a 39-year-old Rhodes man was also arrested by detectives at an address in Burwood. He was taken to Campsie Police Station where he is assisting with inquiries.

It is expected all four men will be charged with receiving stolen property and participating in a criminal group.

Police inquiries are still continuing and further arrests are expected.

Anyone with information is asked to contact Crime Stoppers on 1800 333 000.

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