Guyana -FBI gets involved as 15,000 ounces of illegal gold leave Guyana weekly – Trotman

FBI gets involved as 15,000 ounces of illegal gold leave Guyana weekly – Trotman

Raphael Trotman

Raphael Trotman

 Some 15,000 ounces of raw gold are being transported out of Guyana weekly, says Natural Resources Minister Raphael Trotman who disclosed that the Federal Bureau of Investigation and United States (US) Homeland Security are looking into the issue.
According to Trotman, on an annual basis some 50%-60% of Guyana’s real gold productions is smuggled out of the country, which would take production levels to just under one million ounces. 

Trotman made the disclosure at a press conference on Wednesday detailing that while some of the gold comes directly from Guyana, some of it is sourced from other South American nations.

The Minister indicated the gold leaves via several ports making its way to the United States, Brazil, Suriname and Europe.

The Gold Board recently announced that it has recorded 451,490 ounces of declared gold, surpassing 2015’s target of 380,000 ounces and raking in some export earnings of approximately US$500 million. This made gold mineral, the largest earner of foreign currency for Guyana.

He stated that he was recently part of a brief with the FBI and US Homeland Security which are conducting investigations into the matter and had reached out to local officials.

Trotman announced that local law enforcement officials and related agencies were working constantly to tighten all the loopholes through which the precious metal is being smuggled.

Only recently, Guyana had asked the United States for assistance to help convict a man for allegedly smuggling large quantities of gold to New York.

Tuschen, East Bank Essequibo businessman, Christopher Baldeo is accused of smuggling almost US$69,142 worth of gold to the United States between February 6 and 7, 2015.

The last time he appeared in court, the police prosecutor asked the Court for yet another adjournment to allow for a request to be made to the US for the relevant certified and notarised documents to show that the gold was declared in New York. For overseas documents to be legally admissible in court another jurisdiction, they first must be notarized and certified in the country of origin.

Guyanese investigators are alleging that Baldeo, who is not a licensed gold exporter, did not declare the gold to Customs Officers before departing Guyana through the Cheddi Jagan International Airport February 6, 2015.

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  • De Castro  On January 7, 2016 at 2:17 am

    Surprise surprise….just the tip of the iceberg of the
    ‘fight’ ‘struggle’ against corruption.
    The other areas ‘money laundering’
    ‘Exchange rate’ ‘drugs’ etc are all areas
    that security must be tightened and rigorously/vigorously imposed.
    Step in right direction for new kids
    on block. The benefits are tremendous
    to the ‘valuation’ by markets to the
    ‘Toilet paper’ status of the Guyana dollar.
    In 1960’s it was £=GUYD $4.80
    Today nearer £=GUYD300.00+
    In today’s markets the decimal .
    should be 30.00 for Guyana to prosper.
    Granger and co is given the mandate
    to turn things around in next 5 years
    or it’s back to square one ‘endemic corruption’ where ‘cheating’ is considered ‘smart’ in Guyanese culture.
    A stigmata that is not so easily removed
    on societies. Am optimistic outside observer that may return permanently
    sometime in future. Born and bred
    Guyanese ….one of the million living
    Que sera sera

  • Gigi  On January 7, 2016 at 12:23 pm

    Why is it that the US govt is so involved and so interested in controlling and hijacking the so-called “illegal” goings-on concerning Guyana’s natural resources and other operations/industries in Guyana. Mind you, this involvement is not in Guyana’s interest, but in the interest of US. What’s more, the US govt openly mocks the Guyanese people by having one of their gloating uncle toms openly advertise these goings-on. As if that isn’t humiliating enough, a gullible portion of the population enthusiastically cheer on these uncle toms because, in their warped mind, everything the White man does is just and pure and good therefore everything Blacks do that benefit the White man is just and pure and good. What a bizarre mindset. And frighteningly scary. Maybe Achebe’s ‘Things Fall Apart’ should be mandatory high school reading for Guyanese children so that they avoid, at all costs, the “strange fruit” that their people are still willing to cultivate or powerless to stop.

    • De Castro  On January 7, 2016 at 12:52 pm

      If gold is being ‘smuggled’ out of Guyana (not declared) on exit and
      the information of its discovery on
      arrival in USA is exchanged with
      Guyana s authorities so that checks
      can be made in Guyana on its legality
      What is wrong with that?
      This is not an ounce or two….its 15.000 ounces…
      If it is legally being exported
      all Guyana exit taxes paid…
      Not a problem.
      The rest of your comments I
      choose to ignore!
      You do go over the top sometimes😍
      So let’s be real…the matter deserves
      investigation on its legality.

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