G4S driver admits to stealing £1m from company van

Credit: PA

A G4S driver has admitted to stealing almost £1 million from one of the firm's vans.

Joel March, of Rectory Grove, in Clapham, is alleged to have fled with deposit boxes after abandoning the cash-in-transit van on Tuesday morning.

The blue armoured van, emblazoned with G4S logos, sat on a double yellow line on Larkhall Rise, Clapham, for eight hours before police were alerted, The Sun reported.

The Metropolitan Police’s elite Flying Squad unit launched an investigation and a 36-year-old man was arrested on suspicion of theft in neighbouring Brixton on Wednesday afternoon.

Around £1 million in cash was allegedly stolen. Credit: PA

March appeared at Camberwell Green Magistrates' Court on Thursday, where he admitted one count of theft by employee, prosecutors said.

He will appear at Inner London Crown Court on a date to be fixed for sentencing.

A quantity of cash was recovered and G4S, a major government contractor, said there had been no “material” financial impact from the incident.

A Scotland Yard spokeswoman said: “Police were called at approximately 7pm on Tuesday, 23 April to reports of a theft of cash deposit boxes from a cash-in-transit vehicle.

“Officers attended a location in the Larkhall Rise area of Clapham where the vehicle was parked. There was no sign of forced entry to the vehicle."

A G4S spokeswoman said: “These incidents are extremely rare in our UK cash business and we are working closely with the Metropolitan Police to resolve the matter. The financial impact is not material.”