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London police recover $300,000 in stolen property, search for suspect charged with theft

The side of a London police vehicle. Sawyer Bogdan / Global News

London police are looking for a second suspect after more than $300,000 worth of stolen items were recovered following two search warrants earlier this week.

On Sept. 25, police say a business on Charterhouse Crescent was broken into.

Following an investigation, police say they executed a search warrant at a business on Falcon Street and a home on Nissouri Road in Thorndale, Ont.

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As a result of the investigation, officers recovered two Ford transit vans worth $112,000, $100,000 worth of fire-retardant uniforms, and $142,0703 worth of disposable nitrile gloves.

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Police have charged Richard Kyle Newstead, 40, with five counts of possession of property obtained by crime over $5000.

After a search, officers arrested Newstead several days later on Sept. 30.

London Police are asking for the public help in identifying the second suspect, described as caucasian, between 45 to 65 years of age, with short grey receding hair and a goatee. London Police Service

Police say through the investigation, images of a second suspect were found on video surveillance.

Investigators are asking for help in identifying the second suspect, described as caucasian, between 45 to 65 years of age, with short grey receding hair and a goatee.

Police say he was pictured wearing a green long-sleeved shirt, jeans and black running shoes.

Anyone with information about the accused’s whereabouts is asked to call the London Police Service at (519) 661-5670 or Crime Stoppers at 1-800-222-TIPS (8477).

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