Two men armed with handguns yesterday held the female cashier at the Western Union outlet at Lamaha Street, Georgetown, at gunpoint and took away $300,000 cash belonging to the company, along with $5,000 and a cell phone from the cashier before escaping, a press release from the police said yesterday.

The hold-up occurred around 11.30 am.

Police suspect that the men escaped in a waiting motor car. A short time later, at about 12.25 pm, the police said a female accountant attached to Toolsie Persaud Limited at Lombard Street, Georgetown, was taking $3M in cash and cheques from one building to another escorted by an unarmed guard, when two men armed with handguns held them at gunpoint and took away the money. The release said that the men escaped in a waiting white motor car.

The police said that following both robberies, police patrols were informed and investigations launched.