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Police were called to the financial district at 2.15pm on Saturday (November 7) after a passer-by reported seeing a person with a firearm.
Armed officers were scrambled to the scene and a 29-year-old man was arrested at West India Quay station shortly before 3pm on suspicion of possessing a firearm.
A spokesman for the Canary Wharf group tweeted: “Reports of man with firearm at Canary Wharf are incorrect. Man was carrying non lethal Airsoft hobby equipment.”