Masked bandits tie up security guard, escape with $500,000 from Kitty lumber yard

(Kaieteur News) – Four masked men reportedly broke into a Kitty, Georgetown lumber yard early Saturday morning, tied up a security guard and escaped with $500,000 in cash and the guard’s cellular phone.

The robbery was committed at the Home Builders Lumber Yard, located at Lot 36 Campbell Avenue, Kitty, at approximately 01:30hrs on November 7, 2026.

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The victim has been identified as Naresh Persaud, 51, a security guard employed at the establishment and a resident of Thomas Street, Kitty. The stolen items include a black Samsung cellular phone valued at $23,000, belonging to Persaud, and $500,000 in cash belonging to the lumber yard’s proprietor, 75-year-old Krishna Seegopaul.