GRA Withdraws Tax Charges Against the Mohameds
November 6 2025
The Guyana Revenue Authority (GRA) on Thursday morning formally withdrew and discontinued all tax-related charges against prominent businessmen and gold dealers Nazar and Azruddin Mohamed of Mohamed’s Enterprise, effectively bringing an end to one of the most high-profile tax cases in recent years.
The father-and-son duo appeared before Chief Magistrate Faith McGusty at the Georgetown Magistrates’ Court, where the GRA’s prosecutor informed the court that the Authority would no longer be pursuing the matter. No reason was given for the decision.
The case was rooted in what the GRA had described as an extensive audit of Mohamed’s Enterprise, which examined gold export records and financial statements over several years. The charges alleged large-scale underreporting of taxable income and understated liabilities amounting to billions of dollars.
Thursday’s withdrawal means that all pending proceedings against the Mohameds in relation to those alleged tax discrepancies have been fully discontinued, with no charges currently active before the court.
The GRA’s initial audit—covering Years of Assessment 2020 to 2024—had claimed that Mohamed’s Enterprise failed to file accurate returns, resulting in an estimated $34 billion in understated income tax and a total liability of over $191 billion when including penalties and interest.
Both Nazar and Azruddin Mohamed had faced multiple counts of filing incorrect returns under Section 110(1)(a) of the Income Tax Act, Chapter 81:01.
The discontinuation of the case brings the matter to a complete legal close, marking a significant development for the business partners, particularly Azruddin Mohamed, who was recently sworn in as a Member of Parliament for the Opposition.
