Local bank cut ties with candidates of US-sanctioned Mohamed’s WIN

IN the first press conference hosted by the We Invest in Nationhood (WIN) party, led by US-sanctioned businessman Azruddin Mohamed, the party said several of its candidates have been contacted by Demerara Bank Limited informing them that the bank will be closing their personal accounts.

Speaking at the presser on Tuesday evening to select media, WIN candidates Natasha Singh-Lewis and Duarte Hetsberger, said they both received the same letter from the bank stating that the decision stems from an internal policy of the banking institution.
Executive member of the WIN party, Odessa Primus, claims that the financial sanction placed on the party’s presidential candidate could be the reason why the bank has taken steps to sever ties with WIN candidates. However, she is of the opinion that it is unjustified.
In August last year, the Bank of Guyana confirmed that all banks in Guyana have closed accounts they had with the Mohamed family and their businesses following US sanctions for their alleged roles in public corruption. (NCN)

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