One person arrested, over $1M recovered as police probe robbery at Kingston bank

Investigators made a breakthrough in the multi-million dollar robbery, committed on a manager of Toucan Industries Limited last week at a local bank in Kingston, Georgetown.

When contacted, Crime Chief Wendell Blanhum confirmed that one person was arrested in relation to the crime. Further questioned, he said he could not disclose more details.

However, the News Room understands that the man has since admitted his involvement in the crime. He is in custody assisting with the investigation.

The News Room has also learnt that investigators recovered $1.5 million in cash from the $10 million loot.

Police Headquarters said a total of $10 million was taken from the victim during the robbery which took place around 22:50 hrs on July 03 at GBTI.

According to a Police report, the victim was robbed by two identifiable men who were fully dressed in Police blue and black uniforms. Both men were armed with pistols and while the initial police report said they were wearing ski masks that was later corrected to note that men wore no masks.

Police said the victim reportedly left work at about 21:15 hrs in a black Land Cruiser vehicle with five GBTI bags containing the cash.

On his arrival at the bank, he met with Telbert Grant, a security guard attached to GEB security firm, on duty.

It was noted that the security guard opened the gate and allowed victim to access to the deposit site, which is located on the southern side of the bank.

As the victim proceeded to the deposit area, he observed two motorcyclists approaching from behind his vehicle and became concerned.

However, he then observed that the motorcyclists appeared to be Police Officers.

So, Police said the victim walked towards the deposit vault with the money bags in his hand, at which point one of the suspects approached him from behind, pulled out a firearm and pointed it at his head.

The suspect then grabbed the bags from his hand. That suspect then joined the other motorcyclist, and they made good their escape out of the bank’s compound into an unknown direction.