Police have arrested two people in relation to the $44,000 robbery in Varandoli, Ba, on Wednesday night.

About 40 percent of the loot has also been recovered by police.

According to police, they have the identity of three other robbers and they are expected to be arrested soon.

The men armed with cane knives forced their way into the 52 year old businessman's house and stole $15,000 cash, jewellery and other items worth more than $44,000.

The 52 year businessman received some injuries during the attack while one of the robbers also received injuries when the businessman struck him with a knife.