Prominent businessman, Tamesh Jagmohan, has denied claims of being involved in gold smuggling and money laundering. 

Jagmohan issued a press statement this morning after reports surfaced on social media that he may be under investigation by the US authorities. 

The businessman and gold dealer said he has never engaged in any illegal activity, and remains a law-abiding citizen who operates within the bounds of local and international laws.

In denying the gold smuggling and money laundering and other accusations, the businessman said there is no credible evidence to support the claims, and he and his family are not involved such activities.

With respect to being under investigation by the US Government, Mr. Jagmohan said he has seen no official communication or action from the U.S. government or any other body indicating any criminal wrongdoing on his part.

Jagmohan said he remains committed to transparency and is open to cooperating with any legitimate inquiry to clear his name, adding that he will continue to work with his legal team to challenge the false accusations and pursue all necessary legal actions to protect his reputation.

“We are aware of the existence of a highly speculative  document  that has long been debunked that is recklessly being used as the justification for this character assassination. We are also aware of efforts to extort, for financial gain, persons perceived to be wealthy, by a group also motivated by politics and race. Mr. Tamesh Jagmohan  wishes to convey to those persons that efforts to extort him will never succeed”, the statement said.

Two years ago, when similar reports surfaced, Jagmohan wrote to the Home Affairs Minister inviting a full investigation into his business operations.  At the time, there were claims that some local gold dealers might have been purchasing gold illegally from Venezuela.  Jagmohan had also denied any involvement in that.

Earlier this year, businessmen Nazar and Azruddin Mohamed were sanctioned by the US Government in connection with under-declaration of gold and the dodging of taxes in Guyana. Permanent Secretary Mae Thomas was also sanctioned for her alleged involvement in a bribery scheme related tto the Mohameds.

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