Over MVR 300,000 stolen from STO main office

Main office of the State Trading Organization (STO) was robbed Monday night.

Robbers had threatened the security guard and tied him up before breaking into the building. Police said over MVR 300,000 in cash was stolen from the main safe.

Adam Azim, Managing Director of STO, the government’s retail and wholesale arm told Sun earlier that the robbers could not have reached the main safe, but might have taken some money kept as petty cash.

No arrests have yet been made. Police said they are investigating the case.