GUY$42 billion worth of gold smuggled in four months; several visas revoked
Wednesday, 26 August 2015. Demerara Waves
Guyanese and United States (US) authorities have uncovered a money laundering and gold smuggling racket that has so far fleeced the country of more than US$200 million (GUY$42 billion) worth of the precious metal over a four-month period.
Top officials of the Guyana government said a number of Guyanese gold exporters have been smuggling out huge quantities of gold from Guyana and on arriving in the US have been declaring them as “scrap gold” which do not attract duties in that country.