Placed on $600,000 bail

SAFFEE Ahmad, a businessman with addresses at 123 Street, Queens, New York, and Lot 38 Roraima Scheme, Versailles, West Bank Demerara, found himself in legal trouble after being arrested and charged with a serious offence under Guyana’s laws.
Ahmad was apprehended by a member of the Major Crime Investigation Unit on June 18th, 2024, for allegedly exporting gold without the required licence, a violation of Section eight of the Guyana Gold Board Act, Chapter 66:01. This charge is contrary to Section 23(a) of the same Act.
The accused businessman appeared at the Diamond Magistrate’s Court 2 before Principal Magistrate Judy Latchman, where he pleaded not guilty to the charges brought against him.
After deliberation, Magistrate Latchman granted Ahmad bail in the amount of $600,000.
The case has been scheduled for June 24th, 2024, for the submission of statements by the prosecution.
Exporting gold without a licence is considered a serious offence under Guyana’s regulatory framework, designed to safeguard the integrity of the country’s gold industry.