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The Army reported that the concession where the ammunition was discovered belongs to one Alim Hack, but officials of the Guyana Forestry Commission could not confirm this.
Hafrooz Husain, also named `Panko', lives in the building under which the container and the ammunition were found.
He also took care of Hack's house just nearby in a secluded area, some 10 minutes off the Linden/Soesdyke Highway at Camp Seweyo.
He said a former employee of Alim Hack took along another man to the area Tuesday.
Husain said the men asked him to break open the container, as Hack was out of the country.
The caretaker, who lives with his wife and four children, said the two men left after he prevented them from breaking into the container.
He said he left with his family for Friendship, East Bank Demerara, and when he returned at around 13:30 hrs, he discovered that the container had been broken into and several items, including a chainsaw, were on the ground.
Husain said he confronted the men, but they challenged him with a cutlass and he ran across to Camp Seweyo to get the soldiers.
The soldiers arrived on the scene at around 14:00 hrs, and a search of the container revealed 111 rounds of .38 ammunition and six 12-gauge shotgun cartridges, the Army said.
These were handed over to the Police, the GDF stated in a release.
It said it was reported that the two men took away several small boxes from the container.
The Army said the matter was reported to the Police at Linden, who are continuing investigations.
Meanwhile, contacted yesterday, senior officials of the Forestry Commission were not certain that Hack owns the concession in question.
One official stated that a firm has the concession rights to some 70,000 acres in the Bamboo Landing area.
Four soldiers slept at Hack's premises Tuesday night and they made regular visits to the site yesterday.