Forty-nine-year-old John McKenzie, a coconut vendor at Bourda Market, Georgetown was on Sunday morning relieved of two gold chains and a sum of cash by two men armed with handguns.
Police preliminary investigations revealed that victim operates his coconut stall on a 24h basis at the market.
However, at about 01:10h, the victim was sitting at his stand when he was attacked by the two armed men.
One of the men reportedly pointed a handgun at McKenzie and relieved him of the items while his accomplice, who was also armed with a handgun stood guard.
After committing the act, the men then joined a small silver-grey motorcar, which was parked several feet away.
Meanwhile, following a Police probe, one of the alleged bandits was identified as 21-year-old Shane Allison, a miner of Pouderoyen, West Bank Demerara, who was also shot on Sunday in a separate incident.
Allison was shot by an armed security officer after he reportedly drew a gun at him.
On Sunday, Allison along with two other men were seen acting in a suspicious manner and upon approaching the men, Allison pointed a gun in the security guard’s direction.
In retaliating, the security officer discharged several rounds hitting Allision once. The two accomplices were also arrested.
Investigations are ongoing.