A gang of criminals armed with Kalashnikovs stole four million euros (£3.4m) of pension funds from a convoy of armoured security vans on the island of Sardinia.
Dressed in military fatigues, the criminals forced the vehicles to a halt after using a stolen bin lorry to block a highway near the town of Sassari on Wednesday morning.
They then opened fire on the convoy, hitting one of the security guards in the leg amid a hail of bullets before prizing the van’s safes open with angle grinders and making off with the money.
The money was being transported to post offices when the heist took place at about 8am local time.
The gang’s tactics were likened to those previously employed by a criminal network from Italy’s southern town of Cerignola which has committed a string of high-profile robberies in recent decades.