Police are looking for three masked men who are alleged to have set fire to a Kato brand excavator worth $120,000.

Police Media Officer, Atunaisa Sokomuri said the excavator belonging to BW Holdings was being used for construction road in Waimaro Tailevu and it is alleged that at around 12pm yesterday three masked men entered the construction site and threatened the watchman.

It is alleged that after chasing him away they set fire to the excavator.