Nazar Mohamed, along with his son Azruddin Mohamed, is a Guyanese businessman operating in the gold sector. His company, Mohamed’s Entreprise, has grown over the years into one of Guyane’s largest gold exporters, selling and trading gold throughout the world. Mohamed’s Entreprise is accused of tax evasion, to an amount that could approach €50 million in duty taxes to the Government of Guyana for the period 2019 and 2023. The company, which is also subject to sanctions, allegedly bribed customs officials to minimise imports and exports, suspected of avoiding taxes on 10,000 kilos of gold, and to facilitate shipments. The two businessmen are accused of consistently bribing Guyanese public officials in order to keep their activities operating and hidden, avoid legal repercussions and obtain public contracts. [1]
Information
IDENTIFYING INFORMATION | Businessmen |
DATE OF BIRTH | 27.03.1953 |
PLACE OF BIRTH | Essequibo Coast, Guyana |
NATIONALITY | Guyana |
COUNTRY OF RESIDENCE | Guyana |
FULL NAME | Nazar Mohamed |
FIRST AND MIDDLE NAME(S) | Nazar |
ALIASES | Nazar Mohammed |
FAMILY MEMBERS | Azruddin Mohamed - son |
FAMILY MEMBERS SUBJECT TO SANCTIONS | Azruddin Mohamed - son |
SUSPECTED OR CONFIRMED LINKS TO LEGAL ENTITIES | Mohamed's Enterprise ; Hadi's world incorporated ; Confidential cambio |
ESTIMATES OF ASSETS FROZEN OR CONFISCATED | Unknown |
ESTIMATES OF ASSETS RETURNED | None |
SANCTIONS REGIMES | US Global Magnitsky Sanctions [1] |
START OF SANCTIONS | 06.11.2024 [1] |