High Court Rejects US-Indicted Mohameds’ Application to Reinstate Cambio Licence

High Court dismisses Mohameds’ challenge to cambio-licence revocation

–rules Bank of Guyana acted lawfully and afforded applicants opportunity to be heard THE High Court of the Supreme Court of Judicature has dismissed a judicial-review application filed by United States-sanctioned businessmen, Nazar Mohamed and his son, Azruddin Mohamed, challenging the revocation of their cambio licence by the Bank of Guyana, ruling that the central […]

High Court rejects US-indicted Mohameds’ application to reinstate cambio licence

…upholds BoG’s revocation High Court Judge Justice Damone Younge The High Court in Georgetown on Thursday dismissed an application filed by United States-indicted businessmen, Nazar and Azruddin Mohamed, seeking to reinstate their cambio licence. On June 13, 2024, the Bank of Guyana (BoG) had revoked the cambio of licence, trading under the name “Confidential Cambio”, of the Mohameds. This was after the US Department of Justice’s Office of Forei…

High Court dismisses Mohameds’ bid to get back cambio licence

Last Updated on Thursday, 5 March 2026, 22:42 by Denis Chabrol High Court Judge, Damone Younge on Thursday dismissed a case by Nazar “Shell” Mohamed and Azruddin Mohamed for their foreign exchange dealer’s licence to be restored, crediting the Bank of Guyana with taking into consideration the sanctions by the United States Treasury Department’s Office ...

Mohameds lose case to reinstate cambio licence

US-indicted businessmen Nazar and Azruddin Mohamed have lost a case filed in the High Court to have their cambio licence reinstated. On June 13, 2025, the businessmen, trading under the name, style and title of Confidential Cambio, filed proceedings in the High Court for orders that the revocation of their cambio license […] The post Mohameds lose case to reinstate cambio licence appeared first on INews Guyana.