French police nab robber after 20 years on run

French police have arrested a bank robber who spent 20 years on the run after taking part in one of the country's biggest hold-ups.

Miloud Hai, 48, was one of a group of about a dozen armed men who robbed a branch of the Bank of France in the western town of Saint Nazaire in July 1986, escaping with some $17.57 million.

The hold-up, for which Hai was convicted and sentenced in absentia to life imprisonment in 1992, still stands as one of the biggest in French history.

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Hai, an Algerian national, was arrested early Friday as he was leaving a building in the north of Paris, a police spokesman said Tuesday.

"He was very, very careful for a very long time," the spokesman said.

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Police said he had spent years moving frequently and leaving home in the early morning to evade possible raids.

He was identified following an investigation into an armed robbery of a real estate agent's office in the chic Paris suburb of Neuilly-sur-Seine in which police believe he was involved.