Gunmen yesterday shot a 49-year-old man seven times before escaping with $276,000 he was taking to his employer.

Kunchbeharry Ramcharran, of Enmore, East Coast Demerara, is presently in the High Dependency Unit of the Georgetown Public Hospital Corporation.

The man, who is employed by Guy-Tav in Kitty, was shot in the head, abdomen, thigh, leg and buttocks around 09:00hrs.

Ramcharran's wife told Kaieteur News that her husband had travelled late Thursday night from Berbice where he had transacted business on behalf of Guy-Tav.

The woman said since Ramcharran was tired he decided to wait until morning to hand over the money he had brought from Berbice to his employer.

This newspaper understands that as soon as Ramcharran entered the compound he was attacked from behind and shot several times.

His attackers then grabbed Ramcharran's bag and made their escape.

The businessman said he could not identify his assailants nor say how many there were since he was attacked from behind.