$16M seized, 2 arrested during high level raid by SOCU

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INews has been reliably informed that the Special Organised Crime Unit (SOCU) on Friday morning seized more than $16 million in foreign and local currencies as the agency steps up operations to address money laundering in Guyana.

usdAccording to information, the unit conducted operations at four locations on the East Bank and East Coast Demerara but the money was unearthed at two houses at ECD.

INews understands that close to US$80,000, G$1 million and a quantity of $TT were seized in two separate homes belonging to prominent businesspeople.

The money was detained pending investigations into money laundering while a man and woman were arrested and are assisting with investigations.

Guyana’s Anti-Money Laundering and Countering of Financing Terrorism Act allows persons to have in their possession US$10,000 with a good reason to do so.

 

 

 

 

1 COMMENT

  1. $16M seized, 2 arrested during high level raid by SOCU..
    16M GD??
    Wow PNC really like really gong after the money criminals.
    Like if 16M GD is a bfd.
    Thats chump change for some in PNC circles especially the big like real mighty bigs PNC ones at city hall.
    In less than one year from today- you do a check on the bank accouts of all those PNCites in big post…. You will know what teefing is all about..
    Ya think Greenidge and Green and other big ones in PNC mix white mouth??

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