Armed Crime Squad detectives have today arrested a man following the theft of $2.4 million during an armed robbery on an Armaguard van at Richmond back in 1994.
Investigators executed a search warrant at a Seddon property about 7am this morning.
A 59-year-old man was arrested is currently assisting police with their enquiries.
The arrest relates to an armed robbery that occurred on the on-ramp to the South Eastern Freeway on 22 June 1994.
Five armed men allegedly dressed as road workers, held up an Armaguard van and stole approximately $2.4 million in cash.