Following the arrest and the filing of fraud charges against a prominent gold dealer in a $956 million bank fraud case, the Ministry of Natural Resources has asked the Guyana Gold Board to probe alleged linkages between the licensed gold dealer and personnel of the Guyana Gold Board.
In a statement last evening, the Ministry said it will maintain its vigilance over the operations of the Board and will task the incoming Directors with the immediate task of probing the links between Sadiq Razul and Guyana Gold Board personnel.
It wants to know if anyone from the agency acted improperly or outside of their mandate in conducting business with the licenced gold dealer.
The Guyana Police Force has also been asked to provide additional information and clarification with a view to aiding the investigation.
The businessman was arrested after he wrote and cashed six cheques totaling $956 million from the Guyana Bank for Trade and Industry.
The bank did not follow usual protocol, and it was not until he had already left with the money, that the bank realised that he did not have that amount of money in his account at another bank to facilitate the cheques.
The gold dealer claims that the other bank had shut down his account without his knowlege. He is currently on bail in the matter and the bank manager who was fired, has since been held for questioning also.