- Write by:
-
Tuesday, June 11, 2024 - 13:45:59
-
50 Visit
-
Print
The United States on Tuesday imposed sanctions on Guyanese mining magnate Nazar Mohamed and his son over allegations the two men defrauded Guyana’s government of tax revenues and bribed public officials, the Treasury Department said.
The sanctions, which target three of the men’s companies as well as a Guyanese government official, fall under an executive order aimed at stemming corruption and human rights abuses.
Reuters has previously reported that the two men face a criminal probe by US law enforcement agencies into alleged money laundering, drug trafficking and gold smuggling. They have denied any wrongdoing.
In a statement, US Treasury Department official Brian Nelson said the action aimed to disrupt “those who seek to exploit Guyana’s underdeveloped gold sector for personal gain.”
Treasury’s sanctions target Mohamed’s son Azruddin along with the companies Mohamed’s Enterprise, Hadi’s World and Team Mohamed’s Racing team. The Guyanese official targeted is Mae Thomas, who Treasury described as the country’s Permanent Secretary of the Ministry of Labor and a former home affairs secretary.
Short Link:
https://www.miningnews.ir/En/News/628548
The Federal Aviation Administration is investigating how titanium with potentially falsified records made its way from ...
The Federal Aviation Administration is investigating how titanium with potentially falsified records made its way from ...
Gold Fields on Thursday lowered its annual gold production forecast after bad weather impacted the ramp-up at its new ...
Democratic Republic of Congo is finalizing a deal to take full control of a gold-export joint venture from its Emirati ...
Gold’s lightning rally to successive record highs shows every sign of continuing in the second half of 2024 as the ...
Demand for gold in Asia is surging despite prices hovering near the record highs it hit in May, industry officials say, ...
US hedge fund manager Elliott Investment Management has offered support to troubled Canadian miner Nevada Copper Corp. ...
Gold producer Polymetal International plans to double output by 2029 through acquisitions in Central Asia and will halt ...
China, the biggest official sector buyer of gold, is expected to resume its bullion shopping spree once prices ease from ...
No comments have been posted yet ...