Baker Street robbery

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Coordinates: 51°31′20.32″N 0°9′28.08″W / 51.5223111°N 0.1578000°W / 51.5223111; -0.1578000

Scene of the Baker Street Robbery. The robbers entered from below the building

The Baker Street robbery was the burglary of the safe deposit boxes at the Baker Street, London branch of Lloyds Bank,[1][2] on the night of 11 September 1971.

The robbers had rented the leather goods shop Le Sac, two doors north of the bank, and tunnelled a distance of approximately 50 feet (15 m) passing under the intervening Chicken Inn restaurant.[3] To avoid being overheard, they dug only during weekends. They initially used a thermal lance to try to break into the vault but ultimately had to use explosives.[3]


Robert Rowlands was a ham radio operator who lived in a fifth floor flat on Wimpole Street.[4] He overheard conversations between the robbers and their rooftop lookout at 11:15 pm.[4] He contacted local police, who did not take him seriously but suggested that he tape record the conversations while the robbery was in progress. However, there was insufficient information to identify which bank was being robbed.

At 1am, Rowlands contacted Scotland Yard, who immediately sent officers to his flat in Wimpole Street. At 2am, a senior police officer alerted radio detector vans to track down the gang's exact location. Police checked the 750 banks within 10 miles of Rowlands' receiver, including the Baker Street bank. At the time, the thieves were still in the vaults but the police failed to realise this because the security door was still locked. The thieves got away with £1.5m cash (equivalent to £20.8 million in 2018) and valuables from over 260 safe deposit boxes.[5] The total haul was believed to be near £3m (2018: £41.7m).

The robbers left a message on a wall reading 'Let's see how Sherlock Holmes solves this one'.[6]


It has often been reported that after four days of news coverage British authorities issued a D-Notice, requesting that such reporting be discontinued for reasons of national security and the story disappeared from newspapers.[7][8] It has been claimed that some of the security boxes contained compromising sexual photographs of Princess Margaret, Queen Elizabeth II's sister, and that the purpose of the request was thus to protect the British Royal Family.[3][9][3][10] However, an investigation some years later showed that a request had never been made to the D-Notice committee at that time.[11] Furthermore, a D-Notice has no legal status, being a mere request and not a legally enforceable order. The Times newspaper was still reporting about the case over two months later.[12]

Other recent reports suggest that the identities of the criminals and their sentences have never been revealed.[3] However, The Times (amongst other newspapers) reported in January 1973 that four men had been convicted of the robbery at a trial at the Old Bailey. Three of these men were named as Anthony Gavin, 38, a photographer from Brownlow Road in Dalston; Thomas Gray Stephens, 35, a car dealer from Maygood Street in Islington; and Reginald Samuel Tucker, 37, a company director from Lee Street in Hackney, who all pleaded guilty and who each received twelve years imprisonment. The fourth man, Benjamin Wolfe, 66, a leather goods dealer from Dovercourt Road in East Dulwich, pleaded not guilty but was subsequently convicted and received eight years. Wolfe had signed the lease on the shop used by the robbers using his own name.[5][13]

Two other men accused of handling banknotes from the robbery were acquitted.[13] According to one press report, the police believed that the mastermind of the crime was another London car dealer who was never apprehended.[14] Thomas Stephens and Reg Tucker had their sentences reduced to eight years on appeal.[citation needed]

The Bank Job[edit]

A fictionalised version of the robbery is the subject of the film The Bank Job (2008), which explores a theory that the crime was either set up by, or later covered up by, MI5 to secure sexually compromising photographs of Princess Margaret, which were being kept in a deposit box at the bank by Trinidadian radical Michael X. While this theory has usually been considered an urban myth, there have been some individuals, including George McIndoe, a source for the film, who claimed to have knowledge of the robbery, who supported the theory.[15]


  1. ^ "Google Maps". Google Maps.
  2. ^ 185 Baker Street, on the corner of Marylebone Road
  3. ^ a b c d e Tom Pettifor (16 February 2008). "Bank job that opened the door on a royal sex scandal". Daily Mirror. Retrieved 13 November 2008.
  4. ^ a b "FOUND: Radio Ham's sensational tape of the bank heist 'that rescued compromising pictures of Princess Margaret'". Mail Online.
  5. ^ a b "Four jailed for London's biggest bank theft". The Times (27 January 1973), page 1
  6. ^ Lashmar, Paul (15 January 2016). "Hatton Garden ringleader Brian Reader also masterminded Lloyds Baker Street heist 45 years ago". The Independent. Retrieved 12 August 2019.
  7. ^ Will Lawrence (15 February 2008). "Revisiting the riddle of Baker Street".
  8. ^ "How MI5 raided a bank to get pictures of Princess Margaret". Evening Standard. 20 May 2007.
  9. ^ Will Lawrence "Revisiting the riddle of Baker Street" Daily Telegraph, 15 February 2008
  10. ^ "Untold story of Baker Street bank robbery." The Guardian (11 March 2007)
  11. ^ Duncan Campbell, Senior Correspondent, The Guardian, speaking on 'The Baker Street Robbery', DVD Group Inc production for Lionsgate Films Inc, 2008
  12. ^ "£30,000 bail for man on bank raid charge." The Times (30 November 1971)
  13. ^ a b "Businessman convicted over raid." The Times (24 January 1973), page 2
  14. ^ "The Bank Job Files" The Mail on Sunday (24 February 2008) Archived 30 September 2010 at the Wayback Machine
  15. ^ Lawrence, Will (15 February 2008). "Revisiting the riddle of Baker Street". The Daily Telegraph. London. Archived from the original on 13 March 2008. Retrieved 17 March 2008.