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Armed with a firearm and cutlass, two men entered a business place in Rio Claro on Wednesday afternoon, shot the owner and escaped with cash.

Police said the proprietors, aged 62 and 50, were at the establishment located in San Pedro, Poole, when the masked men entered at around 2.45pm.

The men were tied up with strings and belts and forced to lie on the floor while the men ransacked the business place.