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US sanctions wealthy Guyana families

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) Tuesday announced that it had sanctioned members of one of Guyana’s wealthiest families, a Guyana government official as well as a company for their roles in public corruption in the Caribbean Community (CARICOM) country. In addition to imposing the sanctions on Nazar Mohamed, his son, Azruddin Mohamed, their company, Mohamed’s Enterprise, and government official, Mae Thomas, OFAC has designated two other entities, Hadi’s World and Team Mohamed’s Racing Team, for being owned or controlled by Mohamed’s Enterprise and Azruddin, respectively. It said that these individuals and entities are sanctioned pursuant to Executive Order13818, which builds upon and implements the Global Magnitsky Human Rights Accountability Act and targets perpetrators of serious human rights abuse and corruption around the world.

The US authorities say gold is one of Guyana’s main exports, but it remains a highly fractured industry with small-scale gold mining operations in Guyana occupying a majority share of the country’s gold production. It said that Nazar Mohamed founded Mohamed’s Enterprise in Guyana before expanding to the United States as a moneychanger and transitioned into gold trading, growing Mohamed’s Enterprise into one of Guyana’s largest gold exporters. In time, Azruddin Mohamed ultimately took over Mohamed’s Enterprise, which also now does business as “Confidential Cambio.”Azruddin and Mohamed’s Enterprise evaded Guyana’s tax on gold exports and defrauded the Guyanese government of tax revenues by under declaring their gold exports to Guyanese authorities. Between 2019 and 2023, Mohamed’s Enterprise omitted more than 10 thousand kilograms of gold from import and export declarations and avoided paying more than US$50 million in duty taxes to the government of Guyana.

“Mohamed’s Enterprise has bribed customs officials to falsify import and export documents, as well as to facilitate illicit gold shipments. Mohamed’s Enterprise had paid bribes to Guyanese government officials to ensure the undisrupted flow of inbound and outbound personnel that move currency and other items on behalf of Azruddin and Mohamed’s Enterprise,” OFAC said. It said to conceal their illegal activity and operate with impunity, “Azruddin and Mohamed’s Enterprise have engaged in extensive bribery schemes involving government officials in Guyana.OFAC said that one such official, Mae Thomas, was the Permanent Secretary to Guyana’s Minister of Home Affairs from October 2020 through August 2023, and is the current Permanent Secretary of the Ministry of Labour. “A corrupt Permanent Secretary could manipulate procurement processes to suit their preferred bidder by providing inside information at the early stages of evaluation. Access to a Permanent Secretary of any Ministry could afford contractors insight into upcoming projects and bid values. Permanent Secretaries can act as the legal authority to sign contracts on behalf of their ministry.”

While dem USA skunts sanctioning a couple Guyanse mek dem go sanction Israel at the same time.

In reply to granite

In reply to doosra

Ok doosie, what's really behind of these investigations? I smell politics

In reply to googley

man i don't know i think uncle sam vex dat the ppl dem mix up

In reply to googley

Between 2019 and 2023, Mohamed’s Enterprise omitted more than 10 thousand kilograms of gold from import and export declarations and avoided paying more than US$50 million in duty taxes to the government of Guyana.

1000kilos of gold is worth 64.3 million multiplied by 10= $ 643 million US dollars In 5 years ...wow
Then flaunting and boasting their wealth ...trouble ahead.

Such would flag IRS and CRA computers.

“Mohamed’s Enterprise has bribed customs officials to falsify import and export documents, as well as to facilitate illicit gold shipments. Mohamed’s Enterprise had paid bribes to Guyanese government officials to ensure the undisrupted flow of inbound and outbound personnel that move currency and other items on behalf of Azruddin and Mohamed’s Enterprise,” OFAC said.
Mae Thomas, was the Permanent Secretary a corrupt individual....



Hey Googs...You better hide the gold for all dem puja's you did...

If you can do anything to the USA where you can win,legally or illegally I will salute you,fuck USA all de time.