The police are investigating an armed robbery that occurred yesterday at Robb Street, Georgetown, during which Errol Allicock, 51, of Charlestown, Georgetown, was attacked and robbed by two men, one of whom was armed with a handgun.

Investigations revealed that Allicock had earlier withdrawn $2M from a city bank and was walking towards his motor vehicle with the money in a bag over his shoulder when he was confronted by the man armed with the firearm. The man held him up and took away the bag with the cash and escaped on a motor cycle driven by an accomplice.