Several gunmen on Sunday carted off with $1.2M in cash and other items after they pounced upon three persons who were purchasing food at the corner of Leopold and High Streets, Werk-en-Rust, Georgetown.
At around 08:15h on the day in question, the trio was approached by two armed perpetrators who demanded that they hand over their valuables.
A 50-year-old businessman was robbed of a phone valued $250,000 and $600,000 in cash; a 30-year-old businesswoman was robbed of a chain valued $300,000, and a 42-year-old bus driver was robbed of a phone valued $90,000.
After collecting their loot, the perpetrators escaped on a motorcycle in the company of other men on bicycles.
Police said there were seven suspects in total.
Investigations are ongoing.