BUSINESSMAN Eon Ferrier who is accused of swindling $120 million from Nazar Mohamed, proprietor of Mohamed’s Enterprise on Lombard Street, is fearful for his life.In a press release distributed to all media outlets, Ferrier stated: “I continue to receive direct threats to my life and reports that my life is in danger. I believe that a resort to sending this press release to the media is the only form of fighting back against imminent danger and insuring myself and family against injury or worse.”
It is alleged that between June 22 and 23 at Bartica, Ferrier was entrusted with the sum of $120 million to purchase gold by Mohamed. However, Ferrier reportedly converted the money to his own use and benefit.
The defendant first appeared before Magistrate Ann McLennan on July 1 at the Georgetown Magistrates’ Court and was remanded to prison. The matter was subsequently transferred to the Bartica Magistrates Court before Magistrate Dylon Bess. Magistrate Bess recused himself from hearing the case against the businessman and had announced that he was sending the matter back to the Chief Magistrate and that he would no longer preside over the matter.
Last July, Ferrier was granted bail in the sum of $15 million by acting Chief Justice Ian Chang.
According to Ferrier in his press statement, he was charged in July, 2015 with fraudulent conversion of $240,000,000 (two hundred and forty million dollars) from Mohammed’s Enterprise.

KIDNAP ATTEMPT
“I formerly served as an agent for the largest gold purchaser for Mohammed’s while operating out of Bartica. On or around the 28th day of June, 2015, the proprietors of Mohammed’s Enterprise swarmed my office, accosted myself and another worker, opened the safe and carted off 1,173 ounces of gold, 510 ounces of which belonged to a customer Mr. Davenand Seenarine, and $7.5 million Guyana dollars.
“I was then accosted and [was] in the process of being taken away to a waiting private plane by the proprietors of Mohammed’s Enterprise and their heavily armed ‘security guards’. My sister arrived at the premises and was alarmed at what she reasonably believed to be an attempt to kidnap me. The police were alerted and I was handed over to their custody, an intervention which probably saved my life. I was then formally arrested and charged,” Ferrier stated.
Prior to this incident, he said he was badly beaten by one of the proprietors associated with the entity who had threatened to “out” me on behalf of his handlers. With threats being made on his life and that of his family, his sister (who had never done any business with Mohamed’s Enterprise) was forced to sign a promissory note for in excess of $1 billion in favour of the proprietors of Mohammed’s.

Charged
He explained that after his arrest, he was taken before the court and charged with the offence of fraudulently converting $120,000,000 on a single case jacket and subsequently an additional $120,000,000 on four other case jackets, totalling $240,000,000 on five different case jackets.
He continued: “I was also denied my pre-trial liberty. After several weeks, I was admitted to bail in the unprecedented sum of $20 million. The special prosecutor appointed by the DPP and paid for by Mohammed’s Enterprises was forced to withdraw the charge which alleged that I had fraudulently converted the sum of $120,000,000. After the matter was transferred to the Bartica Magistrates Court, the presiding magistrate informed the court that he had been instructed to recuse himself from hearing the case.”
Ferrier explained that a new magistrate who was identified and transferred to Bartica to hear this particular case, subsequently refused an application by his attorney to have the matter ultimately determined by a jury, but instead decided that he alone should be the sole arbiter.
His attorneys subsequently approached the High Court for Prerogative Orders challenging the decision to remove the regular Bartica magistrate from hearing the case. An Order Nisi was granted in his favour requiring the authorities to show cause why the decision to remove the previous magistrate was not a decision which was biased and not one made by the magistrate himself.
This matter continues to engage the attention of a judge of the High Court, but the magistrate has already indicated that he does not intend to await the outcome of these proceedings.
Meanwhile, in November, Ferrier was accused of invading a mining camp at Puruni, Region 7, and beating, raiding and terrorising the occupants.
Brazilian Nide Carneiro Malhao identified Ferrier as one of a nine-member gang that mercilessly beat his brother. The gunmen who were armed with high-powered rifles also threatened to kill Malhao’s employees if they remained on the camp grounds.