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Robbers finally caught and punished (8)

Ross

I believe the answer is:

strapped

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'punished' is the definition.
Although both the answer and definition are past participle verbs, I cannot see how one could define the other.

'robbers finally caught' is the wordplay.
'finally' says to take the final letters.
'caught' becomes 'trapped' (trapping is a kind of catching).
The final letter of 'robbers' is 's'.
's'+'trapped'='STRAPPED'

'and' is the link.

Can you help me to learn more?

(Other definitions for strapped that I've seen before include "Secured; short of money" , "Needy - secured" , "Like one who may need a loan" , "- - for cash (hard up)" , "whipped" .)

I've seen this clue in The Times.
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