Stolen goods found in WC close to theft (4)
I believe the answer is:
loot
'stolen goods' is the definition.
(I've seen this before)
'wc close to theft' is the wordplay.
'wc' becomes 'loo' (I've seen this before).
'close to' suggests the final letters (the close/ending of).
The last letter of 'theft' is 't'.
'loo'+'t'='LOOT'
'found in' acts as a link.
(Other definitions for loot that I've seen before include "Plunder, pillage" , "Booty, spoils" , "Stolen property" , "Swag, booty" , "Steal goods as spoils" .)