Student records have nothing to do with the administrators, they are the resonsibility of whoever was the custodian of the records.
They are not ASSETS of any description and if a student wants to transfer their records in the next day, then it is down to who ever was in charge (usually the CFI) to get them sent off to the new school with no delay.
The police might not be interested, but the chaps in the belgrano certainly will be.