Rolex Raider Accomplice Caught, Loot Recovered Skip to content

Rolex Raider Accomplice Caught, Loot Recovered

A man was arrested yesterday on suspicion of being accomplice to the so-called Rolex Raiders who robbed the watchmaker’s Michelsen on Laugavegur in Reykjavík on Monday last week, threatening the owner and his staff with guns.


RÚV‘s footage of the loot. Click here to watch the report.

The entire loot, 49 watches worth ISK 50-70 million (USD 439,000-615,000, EUR 313,000-439,000), was recovered yesterday. It was carefully hidden in a car with British license plates, Fréttabladid reports.

The man traveled to Iceland with the Norraena ferry and is believed to have planned to leave with the loot by ferry as well.

The three men who robbed the store were able to escape the country by airplane to Copenhagen on October 18, the morning after the robbery. The police know their identities and a warrant has been issued for their arrest.

It is believed that the men only came to Iceland to rob the store. They have no known connection with Iceland and are all Polish citizens.

“We invested much effort in the investigation which led to us having names on Tuesday evening,” assistant chief of police Hördur Jóhannesson said at a press conference yesterday along with his colleague Jón H.B. Snorrason, reports.

The four men came to Iceland one week before committing the robbery and used the time to carefully plan it. Three of the men were responsible for robbing the store while the fourth was supposed to leave the country with the loot.

“After 48 hours our investigation had given us reasoned suspicion on who the armed robbers were. It was also clear that those three men left the country in the first 24 hours,” said Snorrason, who is also assistant chief of police.

“Suspicion had also arisen on the fourth man whom we arrested [yesterday]. In connection with the arrest we found the loot and confiscated it,” he continued. The man was staying at a guesthouse.

“We have made arrangements so that these men will be arrested wherever they’re caught. They are wanted and we will demand that they’re extradited to Iceland,” Snorrason added of the three men who got away.

Two days after the robbery, the store’s owner, watchmaker Frank Michelsen, offered ISK 1 million (USD 8,800, EUR 6,300) in reward to those whose tips to the police that would lead to the perpetrators’ arrest. It is unclear if anyone is entitled to the reward money.

Frank Michelsen’s son, Róbert Michelsen, told that the family is very grateful to the police for having solved the case.

He added that various European police departments have dealt with similar robberies, which were possibly carried out by the same men.

“It would not only have been an extensive loss but also terrible if the case would have remained unresolved in all eternity,” said Róbert Michelsen.

“We are just incredibly thankful for the police’s selfless and tireless work because we know under how difficult circumstances police officers work, not to mention the low salaries,” he added.

It hasn’t been disclosed whether a tip from a member of the public led to the crime being solved—and the police won’t accept the reward—but if that turns out to be the case, “my father will pay the million with a smile,” Róbert Michelsen promised.

Meanwhile, two women of foreign origin have bee placed under custody on suspicion of extensive theft from stores in the capital region, Morgunbladid reports.

It is estimated that up to ISK 6 billion (USD 53 million, EUR 38 million) are lost every year due to theft from stores in Iceland. In 80-90 percent of instances where products of high value are stolen, the perpetrators are of foreign origin.

Click here to read more about the Rolex story.


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