The Guyana Police Force has informed the Court that it will be moving to seek the extradition from the United States of former Manager at Demerara Mutual Insurance company, Zameil Shaheed to face the fraud charges that were filed against him since 2019.
Shaheed who is believed to be hiding out in the United States is facing 45 fraud charges amounting to more than $40 million. The charges relate to incidents of fraud allegedly carried out by the man at his former work place.
It is alleged that between 2013 and 2017, the man authorized transactions amounting to more than $40 million for 16 persons who were not entitled to any claim against the company.
An audit later found that the man had instead transferred the money to himself and for his own use.
The matter came up before the Chief Magistrate again today and she was informed by the Police Prosecutor that the Police now has confirmation of the man’s whereabouts and will file official paper work to kickstart the extradition process.
Since the fraud charges were filed against the former Insurance Manager, he has never appeared in Court. It is suspected that he became knowledgeable of the investigations against him and left the country just before the charges were filed officially.
Guyana and the United States have been cooperating in the area of extradition.