This can have detrimental effect for your future. It may effect whether you can get credit it or not, possibly a job. Similar thing happened to friends brother when i was at school. He lost his job. He was a police officer. Theyre quite good at putting 2 and 2 together to get 5 potatoe. Take the fight to them and claim compensation. Take at least a week of work
How does this affect credit rating or potential employment?
As the OP is innoncent with multiple witnesses who can vouch for his whereabouts at the time of the crime, the OP shouldn't have anything to worry about (once the witnesses have contacted and the OP's story verified).
I dont agree with claiming compensation (for what exactly?) taking time off work? why?
As harrowing the experience may have been for the OP, ive not seen him complain about be mistreated, beat up or whatever by the police. They are just doing their job.
The police are dealing with an armed robbery so realisticy, they are looking for criminals who used weapons to commit a serious crime. You really expect them to approach suspects with kid gloves?
OK, maybe compensation is not the right avenue to go. Always gets my goat up when I read incidents like this. My brother was harassed, verging on gang stalking, for 18 months by the local police many years ago just because of his choice in modified cars. Turning up at home and where he worked asking questions of his whereabouts in connection to local crimes and street racing, when clearly he was not connected to any criminal activity. To say I have a distrust of the police is an understatement. I was nearly arrested last Friday by The City Of London police because I refused to give my details when they were called on suspicion of a burgalar on premisies after my work colleague was let in by another colleague. The remote CCTV operator called the police. 20 officers, two tazer armed, and two police dogs. The police dogs were let loose in the building, thankfully I was in the office with the door shut, and alerted the handler to where I was by rabidly barking, after which the handler said if I had the door open "I MAY have been bitten". I think "I MAY have been mauled to death" I was escorted down to identify my colleague, who had heard the comotion and gone downstairs earlier. We were then surrounded by said 20 coppers, tazer in hand readied, and interrogated. After we proved we were meant to be there, they were then insistent on taking all of our details anyway, or we would be arrested....[[[[and noooo Im not going to claim coompensation.]]
What the OP needs to do is throughly check he is not on any database, with regards to criminal background checks that may be made in the future. He would have been detained and had his details taken. Alot of companies ask for criminal background for job applications; the financial services lending world is leaning this way and could affect whether the OP can get a passport if he ends up on a criminal database of any sort. Sorry, I didnt mean to chuck the frighteners out there but unfortunately these things happen.
I hope the OP gets this sorted as soon as possible and he can move on