Thieves steal Samsung goods worth $6.4 million from factory

Samsung Electronics said insurance will cover most costs in the theft of truckloads of merchandise from a factory in Sao Paulo state owned by the world’s largest smartphone maker.

About 20 bandits invaded the company’s factory in the city of Campinas Monday morning, using as many as 10 trucks to steal 40,000 units of product, the press office of the state civil police force said by phone. About 50 employees were held hostage as thieves snatched approximately 6.5 billion won ($6.4 million) worth of merchandise, according to Samsung.

“It is regrettable the incident took place. However, it is fortunate that there were no casualties,” Samsung said in a statement. “The police are currently investigating the incident, and we will fully cooperate with the police authorities and will make utmost efforts to resolve this issue.”

The police have suspects in the case, their press office said without providing additional details. The thieves took tablet computers, mobile phones and laptops, Agencia Estado reported.

Bloomberg