A man has been charged after cash was allegedly stolen from a G4S van by its driver.

The suspect is said to have fled with deposit boxes after abandoning the cash-in-transit van on a leafy south London street on Tuesday morning.

The blue armoured van, emblazoned with G4S logos, sat on a double yellow line on Larkhall Rise, Clapham, for eight hours before police were alerted, The Sun reported.

The Metropolitan Police’s elite Flying Squad unit launched an investigation and a 36-year-old man was arrested on suspicion of theft in neighbouring Brixton on Wednesday afternoon.

Joel March, of Rectory Grove, in Clapham, has been charged with one count of theft by employee and will appear at Camberwell Green Magistrates’ Court on Thursday.

A quantity of cash was recovered and G4S, a major government contractor, said there had been no “material” financial impact from the incident.

A Scotland Yard spokeswoman said: “Police were called at approximately 7pm on Tuesday, 23 April to reports of a theft of cash deposit boxes from a cash-in-transit vehicle.

“Officers attended a location in the Larkhall Rise area of Clapham where the vehicle was parked. There was no sign of forced entry to the vehicle.

“An investigation was launched by the Met’s Flying Squad and a 36-year-old man was arrested by officers on suspicion of theft at approximately 3pm on Wednesday, 24 April in SW2.

“He has been taken to a south London police station. A quantity of cash has been recovered.”

A G4S spokeswoman said: “These incidents are extremely rare in our UK cash business and we are working closely with the Metropolitan Police to resolve the matter. The financial impact is not material.”