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

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

On Saturday, 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.

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.

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

At this time, police say they have been unable to locate Newstead.

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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