Police have released the man who was being questioned in connection with the armed robbery carried out on the Readymix Concrete Limited’s main office at Eccles Industrial Site, East Bank Demerara, two Sundays ago.

‘A’ Division Commander Marlon Chapman said the man was released on station bail after three days as there was not enough evidence to charge him with the crime. However, investigations are continuing, he noted.

Stabroek News had reported that three men, who were armed, stormed the compound.

One of them held two elderly watchmen at gunpoint in the security hut, while the others raided the office. The men reportedly used a sledgehammer and broke a section of the wall of the two storey-building.

A manager had said the men reportedly escaped with $200,000 that was in a drawer.

The men hit off the lock to the general manager’s office, where they cut open the safe with a torch.

However, after the alarm went off, the men took what they could have collected and escaped. At this point, they were intercepted by members of Queensway Security Service, a private security firm that is responsible for the company headquarters. There was an exchange of gunfire between the two sides but the robbers managed to flee the scene.

The men managed to escape through a hole they made in the fence at the rear of the compound.

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