Massive armed robbery in Paraguay

A convoy of dozens of armed men rolled into Paraguay's lawless Ciudad del Este border town in the early hours of Monday, using grenades, machine guns and explosives to stage a heist worth an estimated $40 million.

One policeman was killed and another injured, and three civilians wounded, in the attack on the Prosegur cash-storage facility.

Prosegur said the 30-odd attackers, who arrived at the site around midnight on Sunday and held the vault under siege for three hours, had "war-like equipment".

Prosegur is a global benchmark in the private security sector. With our three business lines, Prosegur Alarms, Prosegur Security and Prosegur Cash, we provide companies, homes and businesses with trusted security based on the most advanced solutions available on the market.

Our strategy combines organic and inorganic growth, a decided commitment to innovation, a top-class team and, above all, customer-focussed organisation. All of this has put us in a position of leadership both by geography and by business line.

Smuggling is a major occupation in the city, with some estimates putting the value of this black market at five times the national economy.