Police say they are investigating an alleged robbery under arms committed on a 34-year-old woman in Kitty, Georgetown on Thursday afternoon resulting in the loss of over $5M in cash and valuables.

The victim has been identified as a resident of Perseverance, Providence, East Bank Demerara.

Based on information received, the incident occurred at around 15:15hrs on the day in question.

Enquires disclosed that the victim visited a location in Pere Street, Kitty, Georgetown when two identifiable males rode up on a motorcycle.

The pillion rider reportedly dismounted and pointed a handgun towards the victim while ordering her to throw her brown leather bag, valued approximately $150,000 and which contained $4.9M in cash, one Samsung galaxy S6 phone, her Identification Card, passport, bank cards, one gold band valued at $55,000 and one gold anklet valued at $100,000, among other valuables, towards him.

Out of fear, the woman reportedly complied.

The perpetrator then picked up the bag, hopped back on to the waiting motorcycle and escaped.

No shots were fired.

Police have confirmed that CCTV cameras were seen on the building the victim visited and surrounding areas.

Several persons were reportedly questioned and statements were taken as the investigations continue.