The US$1M payment made to prominent PNCR member James Bond for leased NICIL lands at Peters Hall, East Bank Demerara was never flagged by the city commercial bank that undertook the transaction, Bank of Guyana sources say.
The Bank of Guyana learned of the transaction, which occurred in October of 2019, through press reports, sources told Stabroek News.
Guyana’s Special Organized Crime Unit (SOCU) is currently analyzing files sent to it from the Criminal Investigation Department (CID) on the land deals to determine if laws were transgressed, sources close to that investigation also told this newspaper.
“The file has been passed by the CID for SOCU to conduct the money laundering aspect of the investigations. In this regard, court orders have been applied for and obtained, in relation to all the directors of ARKEN, and James Bond and served on the bank requesting bank account information among other things,” a SOCU source said.