Two ranks of the Guyana Defense Force and a businessman were today charged in a $745.5 million fuel theft scheme.

The three appeared at the Diamond Magistrates’ Court this morning and were granted bail in the sum of $300,000 each.

The fuel racket reportedly went on for about five years.

The three accused were identified as GDF members 35-year-old Terry Milling and 34-year-old Delon Wilson and businessman, 48-year-old, Gangadeo Shridat.

The Court was told that between the 1st January 2015 and the 30th June 2020, the three men conspired with each other and persons unknown at the Guyoil Terminal, Providence, East Bank Demerara, and managed to steal over $745.5 million in fuel that was the property of the Guyana Defence Force.

It is alleged that over the five-year period, the two GDF ranks collected the fuel on behalf of the GDF but never delivered it to the GDF. It was allegedly collected by the businessman who it is alleged paid the ranks for it.

Fuel for the GDF is stored at the Guyoil location.

The fraud was uncovered during an internal audit after it was realised that while the fuel was removed from the storage area, it was never delivered to the Defence Force.

The three accused will return to Court in January for the continuation of the matter.

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