Five armed robbers, some of them on the Zimbabwe Republic Police’s wanted list, were killed in a shoot-out with detectives in the southern African country, state media reported.
Two survived and were arrested.
The Herald newspaper reported that the group had robbed businessmen in the capital Harare of over US$220 000 in the latest incident.
Sources told the publication that the gang was based in neighbouring South Africa and would only cross into Zimbabwe for “special assignments” before travelling back to its base.
Four illegal firearms and ammunition were recovered.
In recent times, robberies have increased in Zimbabwe, with criminals often targeting long distance buses travelling from South Africa.
In December, a gang of eight robbers pounced on an Intercape bus en route to Harare from Johannesburg.
The armed robbers included four passengers on the bus who reportedly stopped the vehicle and were joined by their accomplices before proceeding to terrorise passengers, demanding cash and cellphones.
Intercape confirmed the incident and said the matter had been reported to police in South Africa's city of Polokwane.