msnbc.com staff and news service reports
updated 4/1/2011 7:29:03 AM ET 2011-04-01T11:29:03

Mexican police say they recovered bags believed to contain 167 million pesos ($14 million) stolen in an armed robbery of a cash transporting company.

Oaxaca state Attorney General Manuel de Jesus Lopez said Thursday that the cash was found at a house during raids in the southern town of Villa de Etla.

Authorities detained four men during the operation, one of whom they believe to be a masked man captured on video by security cameras during the robbery, according to newspaper Diaro Oaxaca (Click here to see its Spanish-language website).

Three other people, thought to be relatives of the videotaped man, were also detained after trying to bribe authorities, the newspaper quoted police as saying.

Authorities were counting the money to determine if it is the stolen cash, equivalent to $14 million, Lopez said.

Police initially said 157 million pesos was stolen in the March 20 robbery of the Cometra offices in Oaxaca, but investigators later determined the amount was higher.

The Associated Press and msnbc.com staff contributed to this report.

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