Magistrate Cosmas Bidar made the ruling today at the Waigani Committal Court.
It was stated that in the early hours of August 5, 2016, Kenneth Aup, with three other accomplices, dressed up as BSP security guards and picked up a female bank officer at her house.
The woman is in charge of the mini BSP airport branch.
While on their way to the airport, the armed men ordered her to open the bank for them.
They stole a total of K7018,292.40. This amount also included international currencies.