Guyana Revenue Authority Withdraws Tax-Related Charges Against the Mohameds
GEORGETOWN, Guyana – The Guyana Revenue Authority (GRA) Thursday withdrew and discontinued tax-related charges against the leader of the main opposition We Invest in Nationhood (WIN) party, Azruddin Mohamed.
No reasons were given for the decision of the GRA to withdraw the charges against Mohamed and his father, the billionaire businessmen Nazar Mohamed of Mohamed’s Enterprise.
The two had appeared before Chief Magistrate Faith McGusty at the Georgetown Magistrates’ Court, but when the matter was called, the GRA informed the court that it would no longer be pursuing the case.
The case stemmed from what the GRA had earlier indicated was an extensive audit of the company’s gold export records and financial statements.
The GRA had conducted a review of Income and Property Tax returns for Years of Assessment 2020 to 2024 (income years 2019–2023) and alleged that the Mohameds, trading as Mohamed’s Enterprise, failed to submit true and correct returns.
It said that the underreporting resulted in GUY$34.07 billion (One Guyana dollar=US$0.008 cents) in understated income tax, with total amounts due, including accrued interest and other sums, calculated at GUY$191.17 billion.
The GRA had alleged that that Nazar Mohamed, 73, had filed an incorrect tax return reporting GUY$66,768,646 in liability on gold exports, thereby understating his taxable amount by nearly GUY$4.94 billion, in violation of the Income Tax Act.
The GRA had charged that Mohamed filed an incorrect tax return reporting GUY$127,212,785 in liability on gold exports, understating his taxable amount by approximately $6.96 billion, in breach of the Income Tax Act.
The Revenue Authority had also alleged that his son, had reported a tax liability of GUY$105,483,295 on gold exports, understating his true taxable obligation by over GUY$7.03 billion, contrary to the Income Tax Act.
The two Mohameds were arrested and granted GUY$150,000 last Friday, a day after the United States formally sent an extradition request to Guyana.
The 38-year-old politician along with his father, are the subject of an indictment unsealed on October 6, 2025, by a United States Grand Jury sitting in the Southern District of Florida, which charges them with multiple offences including wire fraud, mail fraud, money-laundering, conspiracy, aiding and abetting and customs-related violations connected to an alleged US$50 million gold export and tax evasion scheme.
The indictment alleges that between 2017 and June 2024, the accused conspired to defraud the Guyana government by evading export taxes and royalties on over 10,000 kilograms of gold, using falsified customs declarations and re-used export seals to disguise unpaid duties. The indictment further references the attempted shipment of US$5.3 million in undeclared gold seized at Miami International Airport, and the alleged under-invoicing of a luxury vehicle valued at over US$680,000.
According to the indictment, the alleged fraudulent scheme operated “from in or about 2017” through June 2024.
In June 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned the Mohameds and their company, Mohamed’s Enterprise, citing allegations of tax evasion, trade-based money-laundering, and gold smuggling.
