Police have identified the businessman, who was shot and robbed of GUY$2.5 millon, as an auto dealer.
Police spokesman, Ivelaw Whittaker said auto dealer Intiaz Arakhan,23 of of Eccles, East Bank Demerara was held up by man armed with a firearm at about 10:15 AM.
“The perpetrator shot Intiaz Arakhan to his right foot and took away an haversack with $2.5M and escaped on a motor cycle,” he said.
The incident occurred at the Demerara Shipping wharf, Lombard Street, Georgetown.
Investigators said he had moments earlier withdrawn the money from a foreign-owned commercial bank.
No one has been arrested.
Police are looking at close circuit television footage as part of efforts to track down the perpetrators.