Crossword Genius

Train operating company admits no Great Western vehicle theft (4)

Ross

I believe the answer is:

twoc

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If this is the answer I cannot explain how the clue works.

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(Other definitions for twoc that I've seen before include "Steal cars" , "crime" , "Steal a car" , "Illicitly take" , "offence" .)

I've seen this clue in The Sunday Times and The Times.
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