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Guyana- Jamaica: Huge amount of cash seized from Bulgarian

Last Updated on Monday, 17 November 2014, 22:14 by GxMedia

Head of the Special Organised Crime Unit, Assistant Commissioner Sydney James

Guyanese authorities say they have seized a large sum of foreign currency from a Bulgarian man under the Anti Money Laundering and Countering of Financing Terrorism legislation.

Agents of Guyana’s Special Organised Crime Unit of the Guyana Police Force said they seized US$45,630 and 740 Euros that were found in a suitcase allegedly belonging to the Bulgarian.

Head of the Special Organised Crime Unit, Assistant Police Commissioner Sydney James says the man was returning to Guyana from Jamaica when he was detained and the cash allegedly found in his suitcase.

He says investigators had been informed that the Bulgarian might have been involved in an Automatic Teller Machine (ATM) fraud.

While the man was allowed to leave Guyana on October 30- one day after his arrival, Mr James says the money has been held through a High Court order.  SOCU has 90 days to prove that the monies were proceeds from crime.

He is represented by Attorney-at-Law Charles Ramson Jr.

Mr James says the man had flown from Bulgaria to Jamaica through Spain, Brazil and Guyana.

He was held on his return from Jamaica.