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Nope, they didn't.
Their stories check out, and apparently the prosecutor said they didn't have enough substantial evidence to get a warrant.. the case's already closed.
agusteed-
Not exactly sure how "I paid cash to a guy in a market, didn't get his name" checks out, if they got something more so can go searching some other guy then I guess that's good. Police are far too ready to close cases and not investigate bike theft in the slightest, it's why it's so common in london, if they made it just that bit more awkward when people get caught or even involved in stolen bikes then it wouldn't be as common "I got a stolen bike, lost my money for it and police had a look around my house, fuck doing that again"
Clockwise
Did they search his house and find a dozen other bikes?
Most thieves I'd imagine have a story at hand?