The Guyana Water Inc. (GWI) has called in the Police after more than $29.8 million was deducted from the company’s account and transferred to two accounts in the United States.

In a statement, GWI said the fraud was unearthed by its Finance Department during the reconciliation of the accounts for the month of march.

It was found that on the 16^th March, just over $17.4 million was debited from the GWI account at a commercial bank and eight days later, another $12.3 million was debited from the account.

The water company was informed by the unnamed bank that the amounts represented payments that were made via wire transfer in the names of two persons resident in the United States.

The first payment was transferred to Troy Robertson of Brooklyn Avenue, Brooklyn New York and the second payment was transferred to Deyannera Mohamed of Pacific Street, Brooklyn New York. 

 GWI’s probe of the incident has found that the signatures used on the instruction letters for the two payments were forged and the company said it has never conducted business with the two persons named and has never instructed the bank to make any transfers to the two persons named.

The Guyana Police Force and the Bank of Guyana were informed of the fraud. Investigations are ongoing.

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