For their share in a US$300 million investment made with two other local businesses in the NRG consortium for the Vreed-en-Hoop Shorebase Inc (VEHSI), the Nazar ‘Shell’ Mohamed-owned Hadi’s World Incorporated has pulled out and is selling its shares to the other partners, a decision, Mohammed says, is based on personal religious beliefs.
And while the announcement follows an explosive Reuters article that claimed that the Mohameds were engaged in gold and drug smuggling and that that US government officials had repeatedly warned ExxonMobil to avoid doing business with the businessman, Mohamed emphasised, “It has nothing to do with Reuters and was a decision made by me since before the Reuters article, because of Islamic rules as it relates to borrowing and interest.”
“I can confirm that, yes, we have sold our shares to our partners…,” Mohammed told Stabroek News yesterday when contacted.
