Charged with Money Laundering
Four individuals who were held by police as part of a probe into the disguising of gold jewellery as silver have been charged with money laundering. The accused individuals are Saffee Ahmad, also known as ‘Chillo’, 58, Shameena Ahamad, 52, Ashiana Salamalay, 33, all residing at 38 Roraima Scheme, Versailles, West Bank Demerara, and Ian Jacobis, 44, of 749 Plantation Best, West Coast Demerara.
They have been charged separately with the offences of Money Laundering, in violation of Section 3(1)(b) of the Anti-Money Laundering and Countering the Financing of Terrorism Act Cap 10:11.
Court Appearance and Bail
The accused individuals appeared at the Diamond Magistrate’s Court before Magistrate Sunil Scarce. The charges were read to them, and they were not required to plead. Each of them was granted bail of $500,000.
Insight:
Money laundering is a serious crime that involves disguising the origins of illegally obtained money. It is often used to hide the proceeds of illegal activities such as drug trafficking or fraud. In this case, the individuals were allegedly involved in disguising gold jewellery as silver, which could indicate a larger operation aimed at laundering money through the sale of these items. The charges highlight the importance of enforcing anti-money laundering laws to combat financial crimes and protect the integrity of the financial system.
