GEORGETOWN, Guyana – Just over a month after leading his newly formed We Invest in Nationhood (WIN) political party to become the main opposition party in the National Assembly, billionaire businessman Azruddin Mohamed, has been indicted by a United States grand jury on several fraud related charges.

US authorities said that Mohamed and his businessman father Nazar “Shell” Mohamed have been charged with wire and mail fraud, and conspiracy to commit money laundering, stemming from tax evasion on gold exports and the importation of a Lamborghini luxury car.

If found guilty on the charges of conspiracy to commit wire and mail fraud, the Mohameds, who were sanctioned by the United States Treasury Department’s Office of Foreign Assets Control (OFAC) in June last year, could separately face a maximum of 20 years on each count, as well as maximum supervised release of three years, a maximum fine of US$250,000 or twice the gross pecuniary gain or loss.