Lae Police is yet to establish a lead into the armed robbery which took place at Rabtrad Market Branch on Saturday.
About five armed men walked into the premises at around 10am in the pretext of being customers and went straight to the administration office, held up workers and made off with a substantial amount of cash in a waiting vehicle.
Lae Metropolitan Superintendent Anthony Wagambie Jnr said the gang were armed with factory and homemade guns and execute the robbery with precise within 10 minutes.
“Police were informed after this had happened but by then the suspects had already gone to the nearby seafront where they boarded a waiting dinghy and made the getaway.”
Wagambie Jnr suspected that it was an inside job and positive his investigators will make a break through soon.
This is the second major robbery in Lae this year; the first was the hold up and robbery of Fone Haus takings outside a bank in the Morobe capital.