Treasury loses $1B annually to cigarette smuggling –Chintamani

The smuggling of cigarettes from Suriname into Guyana could be costing the public treasury as much as $1 billion in lost revenue according to Chief Executive of the Demerara Tobacco Company (DEMTOCO) Chandradat Chintamani.

Speaking with Stabroek Business earlier this week, Chintamni said that while the illegal cross-border entry of cigarettes manufactured in various other countries including India, China, Vietnam and countries in South America continued