Updated: Auto dealer shot, robbed of GUY$2.5 M

Last Updated on Friday, 13 March 2015, 16:12 by GxMedia

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Investigators said he had moments earlier withdrawn the money from a foreign-owned commercial bank.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.