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BoG says Mohamed misrepresented facts of governor’s advice on bank account closures
BOG Governor Dr. Gobind Ganga
Kaieteur News – The Bank of Guyana (BoG) has rejected claims by leader of the We Invest in Nationhood (WIN) party, Azruddin Mohamed, stating that the US-sanctioned businessman misrepresented the facts on advice given to him by the governor, Dr. Gobind Ganga in relation to the closure of bank accounts party candidates.
In a statement issued on Saturday, the BoG said, “Mr. Mohamed has misrepresented the facts on social media. The governor advised Mr. Mohamed to withdraw his case against the commercial banks and affiliates to seek reevaluation of their money laundering/terrorist financing risks which is the responsibility of the commercial banks.”
This comes in response to disclosure by Mohamed, who on Saturday, told this publication, that his lawyer will be writing the local banks that closed the accounts of his candidates and members to have them reinstated.
Mohamed told Kaieteur News that over 70 persons are affected.
Leader of the We Invest in Nationhood (WIN) party, Azruddin Mohamed
He disclosed that many of the persons associated with his party are to be paid by the government. As such, Mohamed said on Friday that he contacted the governor for a status on the accounts. “So, I called the governor yesterday and I asked him what is the status on the accounts and he told me that we should get the lawyers to write the banks. Our candidates, a lot of them will be on the RDCs serving as councillors, they would be at different boards, they would be working at GECOM, they would be members of parliament and they would be receiving money from the Government,” he told Kaieteur News. However, the BoG has stated that Mohamed’s recollection is not the facts of the advice given to him.
This publication had reported that following the publication of WIN’s list of candidates in July, local financial institutions, cut ties with the members, with some citing the OFAC sanctions imposed on Mohamed by the United States as the reason for the decision.
Last year, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Mohamed and his father Nazar Mohamed, citing allegations of defrauding the Guyanese government of US$50 million in taxes through gold smuggling, as well as bribing public officials.
Mohamed maintains that what happened to the supporters’ accounts is a case of victimisation and political persecution by the government.
But in a pre-election in August, the Carter Centre said that local commercial banks were over-complying with the U.S. sanctions imposed on Mohamed with them closing the accounts of several of the party’s candidates. The center said that the action undermined political participation and electoral integrity by discouraging people from participating fully in the political process.
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