GGMC probing fraud related to overseas mining company

The Guyana Geology and Mines Commission (GGMC) at the behest of the Ministry of Natural Resources and the Environment has initiated an investigation involving the Audit Office and Police into the fraudulent conversion of funds related to prospecting and mining permits for an overseas mining company.

So said a press release from the Commission yesterday.

“It has been reported that on November 11, 2011, the company was duly incorporated as a company in Guyana according to the articles of incorporation.

The company engaged the GGMC to conduct business pertaining to Prospecting Permit Medium Scale and Mining Permit on behalf of the company and requested the GGMC Foreign Currency Account Number to facilitate the transfer of the necessary processing fees,” the press release said. The GGMC did not name the company.

It said that once the fees were collected, this allowed for the commencement of the processing of the applications at which time it was observed that a refund was necessary.

“The GGMC facilitated a refund via a cheque in the name of a local company representative, who presented a letter (which did not bear the official company stamp) for the amount to be refunded to the representative, rather than being transferred to the account from which the original sum was received,” the release said.

According to the release, the mining company later wrote the GGMC indicating that their representative was no longer authorized to act on behalf of the company and enquired about the status of the refund noting that no money was remitted to the company.

“Upon investigation, GGMC learnt that the cheque has been encashed and is unable to make contact with the local company representative,” it said.

The matter was then brought to the attention of the Ministry of Natural Resources and the Environ-ment and the Board of Directors of the GGMC “who after reviewing the internal audit report immediately sought the intervention of the Auditor General, Audit Office of Guyana who is now handling the investigation.”
The release said that the Auditor General has enlisted the support of the Guyana Police Force.

“The Ministry of Natural Resources is awaiting the Auditor General and the Guyana Police Force findings and recommendations,” the release said.

More in Local News


About these comments

The comments section is intended to provide a forum for reasoned and reasonable debate on the newspaper's content and is an extension of the newspaper and what it has become well known for over its history: accuracy, balance and fairness. We reserve the right to edit or delete comments which contain attacks on other users, slander, coarse language and profanity, and gratuitous and incendiary references to race and ethnicity.

Get the day's headlines from SN in your inbox every morning:

Most Read This Week

  1. Convicted drug trafficker Barry Dataram about to be handed over to local enforcement officials by the Suriname police. Inset is the information page in the fake passport for “David Persaud” that was being used by the fugitive. (Royston Drakes photos)

    Dataram, wife returned to Guyana

  2. Back in court: In this Keno George composite photo, Barry Dataram (left) and his wife Anjanie Boodnarine at court yesterday to answer three charges including fleeing the jurisdiction.

    Dataram to serve eight years in jail after guilty plea to new charges

  3. Yansen Brusche

    Ulverston mom of four stabbed to death by children’s father

  4. Ameer Subrati

    Man dies after bandits target overseas-based couple at Herstelling

  5. US Ambassador Perry Holloway and Finance Minister Winston Jordan shake hands after the signing of the agreement yesterday.

    Guyana inks pact for reporting to IRS on holdings of US citizens

  6. Bharrat Jagdeo

    Crime has never been this bad – Jagdeo

  7. Updated: Man dies after bandits attack overseas-based Guyanese at Herstelling

  8. Barry Dataram

    Datarams getaway passports had been issued to other people

  9. Dr. Prudence Lewis-Bhola

    Prudence Lewis-Bhola appointed as CEO of broadcasting authority

Recommended For You