Thieves broke into a contractor's office and fled with cash and valuables worth more than RM1mil (S$323,000) in Jalan Seang Tek here.
The 59-year-old contractor went into the office and found the front door on the third floor forced open at about 7.45am yesterday.
He entered the premises and found it ransacked. The office on the fourth floor was also in the same condition.
Sources said the contractor then did a check and found cash amounting to about RM700,000, five Rolex watches and an assortment of jewellery missing, adding that the cash and valuables were kept in a safe which had been broken into.
A report was subsequently lodged at the Patani Road police station.
On the same day, two Peruvians, aged 48 and 62, believed to be behind a spate of thefts from handbags were arrested at a budget hotel in Chulia Street here.
They were nabbed by a police party following a tip-off at about 10am. Five handphones allegedly belonging to their victims were seized with the arrest.
Investigations showed that they would usually target women who carelessly leave their bags open in hotel and hospital lobbies.
They would allegedly slip their hands into the bags to steal whatever they could when their victims were not looking.
The Peruvians had entered the country as tourists a few weeks back.
They were in Kuala Lumpur and also Selangor before making their way to Penang.
They are believed to be part of a larger syndicate with members from all over the country. They would not stay in one place for long to avoid being detected by the police.
A remand order for the duo was obtained from the magistrate's court pending investigations into the case which has been classified as theft under Section 379 of the Penal Code.