The Special Organized Crime Unit (SOCU) has reported a significant seizure of over $130 million in cash and gold related to the attempted purchase of undeclared gold. This operation took place in Bartica on Tuesday.
According to a SOCU press release, a coordinated intelligence operation was executed across various locations in Bartica, resulting in the confiscation of over $32 million in cash and more than $100 million in gold linked to the illicit gold trade.
During the operation, SOCU arrested three individuals: Eon Ricardo Ferrier, also known as “Blacks,” Munesh Chatterpaul, and Latchman Malloo. The suspects are currently cooperating with ongoing investigations into gold smuggling and money laundering activities.
SOCU indicated that these individuals had been under surveillance for an extended period, collaborating with both local and international partners. They are suspected of having significant connections in illicit gold trading and are thought to have links to the Mohameds, allegedly financing and making purchases on their behalf.
This operation underscores SOCU’s commitment to tackling illegal gold trading and related financial crimes in Guyana.
