No official action from US authorities indicating any criminal wrongdoing – Tamesh Jagmohan

In light of reports that US authorities are investigating alleged corrupt practices by Guyanese businessman, Tamesh Jagmohan, he has since stated that there has been no official communication or action from the U.S. Government or any other body indicating any criminal wrongdoing on his part.
In a missive to the press on Friday, hours after several social media postings, the businessman related that he had never engaged in any illegal activities noting that he has consistently operated within the boundaries of both Guyanese and international laws.
“The allegations of gold smuggling, narcotics trafficking, money laundering, and funding international terrorism are baseless and defamatory. There is no credible evidence to support these claims,” the release stated.
In addition, he has denied his affiliation or connection with Hezbollah or any other organisation designated as a terrorist entity. “These claims are not only false but also harmful, as they unjustly associate him with activities and groups that I have never supported and will never support.”
Further, he added that he has always cooperated fully with all regulatory authorities and law enforcement agencies and remains committed to transparency.
“I am open to cooperating with any legitimate inquiries to clear my name. I will continue to work with my legal team to challenge these false accusations and pursue all necessary legal actions to protect my reputation.”
However, the businessman added that he is aware of the existence of a highly speculative document that has long been debunked and is recklessly being used as the justification for this character assassination.
“I am also aware of efforts to exploit, for financial gain, persons perceived to be wealthy, by a group also motivated by politics and race. I wish to convey to those persons that their efforts will never succeed.”
He urged the public and the media to exercise caution and refrain from spreading unverified information that could harm an individual’s reputation.
Mr. Jagmohan is grateful for the opportunity to address these concerns and will continue to focus on his business ventures and philanthropic efforts, which have positively impacted many lives across political lines.
He, however, referenced a statement by the US Ambassador, Nicole Theriot who was recently grilled about the Mohameds during which she stated that the investigation was focused solely on the three individuals – Nazar Mohamed, Azruddin Mohamed and former Permanent Secretary in the Ministry of Labour, Mae Toussaint Jr. Thomas-Meerabux.
On this note, the businessman stated that the US Ambassador was clear in her statement.
Back in June, the US Department of Treasury issued sanctions against businessman Nazar Mohamed and his son Azruddin Mohamed, along with Permanent Secretary Mae Thomas, over gold-smuggling and corruption allegations.
Following the imposition of sanctions, the Bank of Guyana (BoG) has moved to revoke the Cambio licence issued to Mohamed’s Enterprise.
This is one of a series of actions taken by the Guyana Government since US sanctions were announced against the Mohameds as well as three of their companies, including Mohamed’s Enterprise, its subsidiary Hadi’s World; and Team Mohamed’s Racing Team.
The US Treasury Dept has also alleged that Mohamed’s Enterprise evaded paying Guyana tax on gold exports, and defrauded the Guyana Government of tax revenues by under-declaring their gold exports to Guyanese authorities. Between 2019 and 2023, Mohamed’s Enterprise is alleged to have omitted more than 10 thousand kilograms of gold from import and export declarations and avoided paying more than US$50 million in duty taxes to the Government of Guyana.