Latest update April 1st, 2026 12:40 AM
Mar 05, 2025 News
…accuses Govt. of misapplying U.S. sanctions; vows to speak out more
Kaieteur News- Guyanese businessman, Nazar Mohamed has expressed concern over what he describes as “strange occurrences” surrounding his son, Azruddin Mohamed, stating that he does not rule out the possibility of an assassination attempt.
“I don’t rule out the possibility of an assassination attempt on my son, because strange occurrences started to happen,” Mohamed said in a Facebook video on Tuesday.
Last year, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on Guyanese businessmen Azruddin and Nazar Mohamed over allegations of tax evasion and on Permanent Secretary of the Ministry of Labour, Mae Thomas, for allegedly misusing her position to offer benefits—such as government contracts—to the Mohameds.
Mohamed alleged that since then, senior figures within the People’s Progressive Party government have deliberately misrepresented the imposed U.S. sanctions which he says has led to a systematic effort to affect their businesses.
“To say that it hasn’t affected us is an understatement. Indeed, it has affected us greatly, because our entire business, actually come to a standstill,” Mohamed stated.
He added, “What I want to tell you, because I’ve seen, read and heard from people, some very senior people within the political structure, who have been deliberately misrepresenting what the sanction is about, ostracizing us.”
Mohamed reasoned that despite the sanctions, there is no restriction on his ability to operate businesses in Guyana and accused authorities of weaponizing the sanctions to suppress his operations.
“We have been in the oil and gas sector very early, and we have lots of clients from various American companies who had to leave after the sanction. Respectfully, we were providing great service for them, but they have to leave, which is understandable, but to say that anyone who associates themselves with the Mohamed would be sanctioned is ludicrous,” he stated.
Further, he dismissed claims that individuals who interact with them would face repercussions.
The businessman also detailed the mounting challenges faced by his companies, particularly the refusal to renew his cabotage permission, and issues with his mining licence.
“The Constitution protects me as a citizen of Guyana. I can do whatever business I want to do in my country. No one can stop me from doing any business in our country, because the sanction does not dictate that I cannot do business in my country,” he argued.
Mohamed pointed to difficulties in renewing mining and quarry licences, and the revocation of his Cambio licence without justification. “We have for the past 14 years, about 80,000 acres of mining land. We never had an issue of renewing it yearly. Pay all the royalties on it. When I called the (GGMC) Commissioner, I wrote to him, I called him, he said that, well, he’s going to get back to me. Many, many months have now passed and he doesn’t get back to me. So, we are contemplating, you know, to maybe go to court on this issue,” the businessman added.
Moreover, he also claimed that despite reports of other businesses engaging in illegal financial activities, authorities have failed to take action.
“There is this guy… this businessman who has been buying gold from Venezuelan men dressed in military uniform, 99.9% gold export, it returns the money to a city bank, billions of US dollars within a four-year span, almost put the country financial system into crisis, and nothing has been done about that,” Mohamed said.
He vowed to continue speaking out on these issues and urged the public to remain vigilant. He highlighted his long-time support for the PPP but stressed that there is now a lot of hostility from the party towards his family.
(Nazar Mohamed not ruling out assassination attempt on son)
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