Police searching for bank robbery suspect in central Taiwan

A man made away with NT$200,000 from a Yuanta Bank in Taichung this afternoon

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The crime is under further investigation by the Taichung Police Bureau

The crime is under further investigation by the Taichung Police Bureau (By Central News Agency)

TAIPEI (Taiwan News) — Taichung City Police are on the lookout for a man who made away with over NT$200,000 (US$6,500) in a bank robbery this afternoon (Jan. 4).

According to CNA, the money was stolen from a Yuanta Commercial Bank branch in Taichung City’s Shalu District (台中市沙鹿區). Reports indicate the suspect is male and was wearing a red hat at the time of the robbery.

The suspect is said to have entered the bank warning personnel inside of his intentions before threatening two female staff members with a meat cleaver.

The bank clerks handed cash to the man over the counter before he exited the building and cycled away. Staff are unsure exactly how much was stolen but estimate it was over NT$200,000.

Police arrested a man riding a bicycle near the scene soon after the incident occurred, but the suspect was released after denying his involvement and authorities failed to produce incriminating evidence.

Reports suggest nobody was injured in the incident. Police are carrying out further investigation.