The man has been identified as Maurice Charles. He was arrested this week.
Highly-placed sources told our news centre that the police executed a warrant on his home this week and reportedly uncovered what appeared to be a black firearm as well as two pots of plants suspected to be marijuana.
As it relates to the alleged robbery that occured late last month, BVI News understands that the incident happened at Fine Food Supermarkets in Fat Hogs Bay. It is alleged that residents were held at gunpoint during the incident.
Reports indicate that the residents socialising in front of the supermarket when they were approached by a masked assailant who sources say had a distinct Vincentian accent.
Sources further said the gunman sought to rob his would-be victims but some managed to escape.
BVI News understands that members of the police force accosted a man who fit the description of the armed assailant and he was taken into custody.