Two gunmen on Friday afternoon held up employees of Toucan Industries on Water Street and later escaped with $500,000.

Up to press time none of the perpetrators had been caught.

Police said in a statement that they were investigating the robbery under arms which occurred around 6.30 pm, during which the manager Fazal Shaw and a female cashier were attacked and robbed by two men armed with handguns.

Investigations revealed that the men entered the building and held up the two victims and took away $500,000 cash and escaped.