At about 0930h. today, police say thatbusinessman Cecil Gajadhar, 72 years, of Foulis, ECD, was sitting in his motor vehicle at Camp Street, Georgetown, when he was confronted by five men who demanded cash.
The men then took away a bag containing $4.3M and ran away.
An alarm was raised and a member of the City Constabulary who was in the vicinity responded and gave chase during which a round was discharged into the air. One of the perpetrators was arrested and the bag with the money recovered.
Subsequent investigations led to the arrest of another suspect by the police.
The two men are in police custody assisting with the investigations.
