A St Catherine businessman and his wife endured a terrifying midnight ordeal after gunmen allegedly stormed their home, tied them up, stole $10 million and used the couple's debit cards to withdraw and spend hundreds of thousands of dollars before fleeing.

The brazen home invasion has prompted a joint investigation by detectives in St Catherine and St Ann.

According to police reports, about 11 p.m. on Saturday, July 12, the 51-year-old businessman had just returned to his home in Pleasant Farm, St Catherine, when he was allegedly ambushed by two armed men.