Six males, aged between 16 and 55, have now been arrested and charged following a high profile police operation in St Andrews.
They are expected to appear in private and on petition at Dundee Sheriff Court on Thursday.
Armed police officers swooped on a property in the Wardlaw Gardens/Hepburn Gardens area of the university town at 4.30pm on Tuesday.
The males were detained in connection with conspiracy to rob allegation.
Police confirmed they were arrested and charged on Wednesday morning.
A Police Scotland spokesperson said: “Following an intelligence-led operation carried out by the Organised Crime & Counter-Terrorism Unit on Tuesday March 3 in St Andrews six men aged 16-55 were today arrested and charged with conspiracy to rob.
“They are expected to appear from custody in Dundee Sheriff Court tomorrow and enquiries are ongoing.”
Specialist police officers, including armed response officers, were deployed to the area as part of an intelligence-led operation.
Eye witnesses told of a Police Scotland helicopter hovering over the residential streets, close to the university, and armed officers were seen searching nearby gardens.
The police activity was centred in the area of Wardlaw Gardens.
Eye witnesses reported seeing armed officers in plain clothes scaling walls and fences to the rear of a property.
A number of males were later seen being escorted away in handcuffs.
The area, populated by a number of large houses and flats, is a mix of residents and students.
Residents of the area wondered what was going on when they heard the police helicopter.
Two vehicles were later seen being taken away on the back of recovery vehicles.
The street re-opened after 7pm.