The police are investigating an armed robbery with occurred around 4.30 pm yesterday at New Road, Vreed-en-Hoop, West Coast Demerara in which goldsmith Anand Cheddie was attacked and robbed by two men, one of whom was armed with a handgun.

According to a release from the police, Cheddie was confronted by a man who was armed with a handgun as he was about to enter his premises. The bandit held him up and took away a bag from his motor vehicle which contained jewellery valued $1M and $300,000 in cash.

The bandit was joined by a second man and the two made good their escape in a waiting car which was being driven by a third accomplice.