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Video of violent robbery shows victim boxed in while thieves steal suitcase full of cash

Click to play video: 'Toronto cash exchange owner beaten by thieves for $110K'
Toronto cash exchange owner beaten by thieves for $110K
WATCH: The owner of a Toronto cash exchange business was beaten in a brazen, daytime robbery Tuesday. Five thieves allegedly boxed his car in using stolen vehicles. As Seán O’Shea reports, the victim tells Global News he wasn’t going to give up without a fight.  – Oct 11, 2024

A shocking video of an armed robbery in Thornhill shows a man being robbed and pulled from his vehicle by three assailants.

Investigators with the York Regional Police hold-up unit are looking for three suspects and appealing for witnesses following a violent robbery in Thornhill earlier this week.

On Tuesday around 5:10 p.m., police were called to a commercial plaza in the area of Yonge Street and Meadowview Avenue.

A video of the robbery shows the victim driving through the plaza when his vehicle is boxed in by a white Lexus sport utility vehicle (SUV) and a white, four-door Mercedes-Benz.

Three suspects are seen exiting their vehicles, pulling the victim from his car and assaulting him.

The suspects are then seen stealing a black, carry-on-style suitcase containing cash from the victim’s vehicle.

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“It was a very shocking thing to see for us, even as officers, because it is a very specific intention to stop the victim in his track and so we are quite concerned about that tactic alone,” said Const. Kevin Nebrija, media relations officer.

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The victim, Mohammad Yaghoubi, 45, owns Money Trust, a currency exchange service in North York.

Yaghoubi says he was picking up the money from a colleague, roughly $110,000, when the robbery happened.

“I tried to reverse back but they closed me (in) at the back as well and the problem is the car went into a safety mode and the gear would not work,” he says.

Yaghoubi is seen during the interview with bruises on his face.

“This is money, this is my life I wanted to keep it. Everyone wants to keep their money and their life,” he said when asked why he fought back.

He said he has no idea who did this, but thinks he was being watched.

Yaghoubi says he makes deposits like this for his business roughly two to three times a week and this is the first time they have ever been robbed.

When asked about security he said security companies are costly, adding it’s hard to know exactly when they will need to transport the money on any given day.

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He said while they do have insurance on the money inside the business, they are not insured for thefts that happen in transport.

Nebrija said the SUV used had been stolen in Toronto earlier that day and the other vehicle had a stolen licence plate, making them both hard to track.

Police say Yaghoubi sustained minor injuries.

“It is property at the end of the day, it’s not worth your life getting seriously injured for that. So, we just remind people to comply with their requests. If you are a victim of this and you try to fight back, that might escalate the suspect’s behaviour and that’s not what we want,” Nebrija said.

The three suspects are described as males wearing dark clothing, and police say they spoke with a Middle Eastern accent.

The descriptions of the drivers of the Lexus SUV and Mercedes-Benz are unknown.

Police say this was a targeted incident, and the investigation is ongoing.

Police are asking anyone with information to contact the York Regional Police hold-up unit at 1-866-876-5423 ext. 6630, contact Crime Stoppers at 1-800-222-TIPS or leave an anonymous tip online.

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