24/03/2025
BREAKING NEWS- It has been weeks since the Special Organized Crime unit carried out a raid at the home and business place of Bartica Businessman Wassim Kassim.
Two weeks have elapsed and the police opted to remain silent on the raid. A number of items have been seized by the police during the raid.
“ It is suspected that they are agents of an Essequibo Gold dealer who is under the radar of US federal Authorities ” , a source familiar with the investigation told Nightly News.
Nightly News has learnt that a Special Gold Smuggling investigation has been launched by several key agencies.
Vice President Dr Bharrat Jagdeo days ago warned persons involved in gold smuggling, stating that ongoing intelligence operations will result in arrests and legal action. “There are several intelligence operations being done that hopefully would yield results and it is from what we’ve been hearing, it’s a ring of people here in Georgetown too. I can tell you that there are operations against people who are buying gold at a price significantly above the world market price because they’re evading their government’s royalty and smuggling it into Brazil. I want to say to the people who are engaged in this, that when you get caught, there are several Brazilian nationals, but there are a few locals. When you get caught and charged with money laundering, don’t go and claim discrimination,” The VP said.
In July of 2023, Federal Authorities in Brazil opened a major probe into money laundering and illegal gold trading operation in the country, with suspected links to a Guyanese businessman.
The Guyanese businessman, whose name was not released, is suspected of laundering millions of dollars worth of gold through several shell companies.
Brazilian Police are still convinced that the Businessman is closely linked to some major gold miners and gold traders in Guyana.
This is a Developing story .
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