The jewellery Joseph was wearing was taken by two men on a motorcycle who fired a volley of bullets, one of which struck him to the abdomen.
The man had briefly exited his yard and was about to retrieve his car to park it under his house when he was attacked by two men, who escaped along the dark street.
Joseph, 52, was the President of the Blue Bird Domino Club and was killed at about 23:40 hours
Persaud said that the man’s wife, Faye Joseph, heard explosions and when she went to enquire what had transpired she saw her mortally wounded husband lying on the road.
He said that Joseph was relieved of a gold chain and a gold band but no motive for the homicide has been established as yet.
The well-known businessman was conveyed to the Georgetown Public Hospital (GPH) where he succumbed while receiving medical treatment.
GAUMONT HOTEL MURDER
In the case of the Gaumont Hotel murder in which 70-year-old Frederick Thomas of Friendship, East Coast Demerara, was stabbed to death, Crime Chief Persaud said that the owner of the hotel and a female sex worker of the same business establishment are still in custody.
Thomas was found on the stairway of the Gaumont Hotel, High Street, Georgetown, with a stab wound to his chest at about 14:30 hours on April 15, 2013.
He was pronounced dead on arrival at the GPH.
Initially, three women and two men were taken into police custody.
So far, no motive for the homicide has been established.
COVE and JOHN KILLING
Meanwhile, in the April 12, 2013 murder of Millicent Cummings, 89, of Cove and John, East Coast Demerara, the crime chief said that the killing might have been orchestrated by a drug addict or addicts and as the probe continues several persons were arrested and have been in police custody since Tuesday night.
He stated that several men who loiter in the area, are assisting the police at Cove and John Police Station with the investigations.
The battered and bloodied body of Cummings was found under a house at Cove and John last Friday.
A post-mortem performed on her body by Pathologist Dr. Nehaul Singh gave the cause of death as severe blunt trauma to the face.
She was bludgeoned to the face and reportedly sexually assaulted by a person or persons unknown.