Kathryn Persico-Newton of Third Street, Alberttown, Georgetown is allegedly suffering a loss of $1.2M.
According to police information, the incident occurred at around 10:30hrs on the day in question, just as Persico-Newton returned home after leaving at 08:50 hrs to withdraw the large sum of cash from Citizen’s Bank.
The teacher reported travelled to the bank with a taxi and requested the driver to wait as she made the withdrawal from an account she shared with her deceased mother.
The woman reportedly placed the money in her bag that contained and additional $50,000.00 cash, her National Identification card and keys. She then made her way back home.
The teacher told police that as she exited the car and approached her gate, she noticed two Negro men approaching her from north of Light Street, turning west on third street, on a motor cycle.
She said the pillion rider came off the motor cycle with a gun in his hand, pointed it at her and demanded that she hand over her handbag containing the cash.
The victim reportedly became afraid and handed over her hand bag with the other mentioned articles.
Moments later, the bandit rejoined his accomplice- the rider- who remained on the motorcycle and they escaped heading east on Third Street. No shots were fired and Persico-Newton was not injured.
CCTV footage has been retrieved and investigations are on-going.