Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Bandit frees hostages and abandons plan to shower Milan with money

Andrew Gumbel,Rome
Tuesday 30 December 1997 19:02 EST
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

A tense 24-hour hostage crisis in a Milan bank came to a safe, almost tragi-comic conclusion yesterday as the lone bandit, armed with a hand grenade and a sawn-off shotgun, released his four hostages one by one and gave up his dream of dropping hundreds of banknotes out of a helicopter to celebrate New Year's Eve.

It started out as a war of nerves between the assailant, Domenico Gargano, and law-enforcement officials sitting outside the suburban branch of the Banca Popolare di Milano. The first big breakthrough came in the early hours of yesterday, as the manager of the bank, Irma Morello, was released in exchange for 4bn lire in cash - around pounds 1.5m. It then became apparent that Gargano, a 35-year-old Sicilian with a long criminal record in recycling stolen goods, had no escape plan. Indeed, rather than negotiating a low- profile exit from the bank building with his loot, he asked for a helicopter from which he could drop the banknotes over the city.

The police had been considering handing over more money to safeguard the remaining two hostages (the first had been released on Monday) but concluded they had a fairly harmless fruitcake on their hands.

By mid-morning, Pietro Ferrari, 53, who was completing his last day at work before taking early retirement, was released. In mid-afternoon Gargano threw a wad of banknotes out of a first-floor window; two hours later he released his remaining hostage, deputy manager Vincenzo Cortellini, handed over his weapons and negotiated his own future with a magistrate and a Carabinieri officer.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in