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Armaguard Truck Armed Robbery CAUGHT ON TAPE Sydney | SHOTS have been fired during an attempted robbery of an armoured car in Sydney early this morning. The mobile phone footage was filmed from inside a building across the road from Broadway Shopping Centre in Glebe while the hold-up was in progress about 8.15am.

"Call the police, call the police," a person screams as the men surround two guards outside the van.

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"Don't let them see that you've got your phone.

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"He's carrying an AK-47, an assault rifle."

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Moments laters, armed police arrive in Bay St and seal off the area.

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Witnesses said the gang wearing balaclavas and armed with a pistol pulled up in front of an Armaguard truck in a black station wagon.

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One of the guards was struck to the back of the head, possibly with the butt of a firearm. The other offender has fired a shot into the air, which struck a glass awning.

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Leichhardt Police Commander Michael O'Toole said it appeared the robbery was planned.

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"Given the fact they were wearing balaclavas and armed, it would appear there was some degree of planning that's gone into this," he said.

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"Of course we are worried they will strike again. It's a concern for something like this to happen at that time of the day when there are so many people around."

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Witnesses described the attack as "crazy".

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"They had tried to open the passenger side door first and when they failed they went around the back of the truck to open it manually," witness Barry Zambrano said.

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"It's crazy stuff."

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An employee from the coffee shop across the road, who gave her name only as Lauren, said she saw two of the men wearing balaclavas.

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"We heard a shot being fired...a couple of people were a bit scared and we all ducked under the counter," she said.

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A crime scene has been set up and armed police are still in the area. Officers will today review CCTV footage as part of the investigation.

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Mr O'Toole said the gang failed to escape with any money.