Caribbean, funding gold operations, Guyana, Mexican drug cartel, News, World -

Mexican Drug Cartel May Be Funding Guyana Gold Mining Operations

Caribbean, funding gold operations, Guyana, Mexican drug cartel, News, World -

Mexican Drug Cartel May Be Funding Guyana Gold Mining Operations

Gold-extractionGEORGETOWN, Guyana, Oslo Times — When President Barack Obama signed the 2010 financial regulations bill into law, the primary focus was to clean up the bad business on Wall Street, while stretching Washington’s judicial reach to other countries engaged in bad business transactions that pass through U.S banks.

But buried in the 2,300-page document is an obscured section that covers the mineral exploitation profiteering feats in a number of jurisdictions, including Guyana, and everyone in that country that may be directly or indirectly involved in mineral trade with U.S companies or may have gained from questionable mineral trading transactions that pass through U.S banks.

Long accused of being a lawless transit point for the Democratic Republic of Congo’s “Rape diamonds,” and by extension, Africa’s blood diamonds, Guyana has somehow evolved as the Caribbean’s appeasement park for corrupt mineral trade.

Arguably the country’s largest foreign exchange earner, combined trade in precious metals has attracted the interest of almost everyone in Guyana’s investment and social strata, which has since seen senior members of Guyana’s government, the police force, and the business community launching mining operations in Guyana’s treacherous jungle terrain.

In many instances some of these mining operations progressed into sizeable operations in a matter of months, and at scales that often defy investment logic.

For many, Guyana’s gold exploits have transformed their lives from rags to riches with minimal effort.

However, Western intelligence has since suggested that the majority of mineral trading in Guyana is now controlled by at least two major foreign drug cartels, including Mexico’s Knights Templar cartel who are believed to be financing the mining operations of at least four major gold mining firms with strong connections to the Guyana government.

These firms are generally scouted by the Mexicans who then offer to invest in their respective gold mining operations, which would in turn see the participating mining company receiving cash funding and millions of Guyanese dollars in equipment to effect their operations.

 

Read more:  caribbean360.com 


Leave a comment

Related Posts

In Mexico’s border city, Haitians hailed as success story
TIJUANA, Mexico (AP) — A few blocks from a shelter housing members of a Central American migrant caravan sits the fir...
Read More
Say No Mo', Where Is Video?: The Assassination of E.J. Bradford
1: to murder (a usually prominent person) by sudden or secret attack often for political reasons; a plot to assassina...
Read More
Bus Crash Horror: 1 child dead and 40 people hurt on youth football trip
BENTON, Ark. (AP) — A charter bus carrying a youth football team from Tennessee crashed early Monday in central Arkan...
Read More
Black Hair Matters: The Affirmative Power of Politicians Like Ayanna Pressley and Stacey Abrams
When Ayanna Pressley got her Senegalese twists done for the first time about three years ago, it was a moment of affi...
Read More

Tags