NPR

The Racket In Brazil: Gangs Are Blowing Up Banks For Cash

Exploding ATMs add another complication to Rio de Janeiro's chronic security crisis, spreading fear among the public and dealing a blow to property prices for residents with homes near banks.
Robbers dug a tunnel into a central bank branch in Fortaleza, northeastern Brazil, in 2005. Brazil's bank association says heists declined nationwide since the early 2000s, but official statistics show they're on the rise again in Rio.

Not long ago, a sudden boom echoed across the rooftops of southern Rio de Janeiro, bouncing off the granite hills and jolting people out of their slumbers in the wee small hours.

It came from a relatively tranquil neighborhood, and it was loud enough to be heard more than a mile away, within the villas beside Sugarloaf Mountain and along Copacabana Beach on the shores of the Atlantic.

Rio's residents are well accustomed to being woken in the night by volleys of fireworks, the thumping party music, and — in parts of the city — bursts of gunfire. But this loud bang was different: an explosion.

"It was massive," says Andre de Souza, 49, a resident of Botafogo, the neighborhood where the blast happened last month. "Afterwards I heard gunshots, and I

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