There are unconfirmed reports that one of the five is a security guard.

Newstalk 93fm, however, understands that the men are to face identification parades; and as a result, their names are being withheld.

On June 2, two men sped off with a vehicle containing an undetermined sum of money, after shooting an ATLAS Security Company guard, who was in the car outside the Island Village Shopping Centre in Ocho Rios.

Reports are that the guard and two others were delivering money to a business place on the complex.

While his two colleagues were inside the complex, two armed men approached the guard and opened fire hitting him in the head.

They then left the scene in the motor car he was driving.

The police gave chase and the vehicle crashed in nearby Steer Town.

The men, however, escaped and fled into the surrounding area.