The Noida police claimed to have arrested the owner of a security agency and four others for stealing machines from a garment factory in Noida Phase II on Friday night.
Noida Superintendent of Police A.K. Tripathi said the security agency owner, Ronald Griffin, claimed to be a retired colonel who served the territorial army till 1977. His security agency is based at Delhi.
"World Class India (Pvt) Limited, where the theft took place, is owned by Italian couple G.L. Bull Shetti and Pamella Bull Shetti. Both were away to Italy and had hired the Griffin's security agency to guard the factory, which was closed for a few months," said the SSP.
About the modus operandi of the gang, the SSP said, "The gang would steal goods from the factory and later through one of their guards would file a theft or robbery report with the police. As the company got money through insurance, it never bothered to probe the thefts."
The police said 37 machines and 41 electric motors worth Rs 50 lakh were recovered from the accused, beside a Santro car and two DCM Canter tempos.
The police had arrested a scrap dealer, who on interrogation revealed Griffin had earlier stolen 25 machines and sold those to him, the police said.
"Scrap dealers are the main link in such cases as they buy the stolen goods. All scrap dealers are being listed afresh and their activities will be monitored," said SSP Tripathi.