Azruddin Mohamed Reveals Support for PPP in Parliament Amid Legal Troubles
In a surprising declaration during a National Assembly session, Azruddin Mohamed, a gold trader turned Opposition Leader, claimed he financially supported the People’s Progressive Party (PPP) throughout its years in opposition. This revelation has sparked discussions among political analysts and observers, given the circumstances surrounding the current political landscape.
No Response from the Ruling Party
Despite the seriousness of Mohamed’s claims, the ruling party has remained silent. This silence is particularly notable as Mohamed made his assertions in the presence of key senior leaders from the PPP, including former President Bharrat Jagdeo.
Financial Support to the PPP
During the budget debate, Mohamed disclosed that financial support from him and his family significantly aided the PPP/C before its return to power in 2020. “Back in 2018 … I used to bankroll the PPP,” he stated, highlighting that from 2015 to 2020, the party “benefited the most from my business.” He further noted that his financial assistance extended to both major political parties in his capacity as a businessman.
Long-Standing Allegations
For years, it has been insinuated among circles close to the Mohameds that they provided financial backing to the PPP. However, this is the first time such claims have been voiced in the highest legislative forum, raising questions about the ethical implications of party financing in Guyana.
Legal Troubles for Mohamed
Compounding his political statements are serious legal troubles for Mohamed. The United States has initiated extradition proceedings against him, citing sanctions imposed by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC). Allegations include under-declaring over 10,000 kilograms of gold exports, resulting in more than US$50 million in evaded taxes owed to the Guyanese government.
Issues with the Guyana Revenue Authority
In addition to international sanctions, Mohamed faces scrutiny from the Guyana Revenue Authority (GRA) regarding the importation of a luxury vehicle. The GRA claims he submitted a false invoice to undervalue a 2020 Lamborghini Roadster SVJ, which has led to accusations of tax evasion and false declarations under the Customs Act.
Implications for the Ruling Party
Mohamed’s claims pose significant challenges for the ruling party, particularly given the 11-count indictment he faces. This brings to light concerns about the nature of political financing and the degree to which political parties may have been complicit in questionable financial transactions.
Concerns About Foreign Currency and the Gold Sector
In his address, Mohamed also expressed concerns regarding the availability of foreign currency and reporting within the gold sector. He argues that approximately US$2 billion is leaking from the banking system, contributing to rising costs of living. He noted that during his time in gold trading, banks heavily relied on him for US currency supplies.
