The Guyana Revenue Authority (GRA) submitted an official United States invoice to the High Court showing that businessman Azruddin Mohamed paid US$695,000 for a luxury Lamborghini, contradicting his earlier sworn claim that the vehicle cost just US$76,000.
According to the invoice from International Speed Consulting Inc., a Texas-based company, the supercar was sold for a whopping US$695,000 – a figure more than eight times higher than what Mohamed declared under oath in earlier court proceedings.
Legal representatives for the GRA argue that this is not merely a misstatement but a calculated attempt to defraud the state by evading hefty import taxes. They say the gap between the declared value and the actual cost is a glaring red flag that suggests willful deception.
According to the affidavit, the invoice was acquired through official channels under the Mutual Legal Assistance Treaty (MLAT), which allows for cross-border legal cooperation in criminal and civil matters.
The document details the transaction, including the vehicle’s VIN, model specifications, and the full payment record, confirming the US$695,000 price tag.
This invoice comes days after the Full Court of Demerara refused an application by the tax agency to overturn the existing injunction, which blocked them from seizing Mohamed’s fleet of luxury vehicles until the case is fully adjudicated. That decision had been viewed as a temporary win for the US-sanctioned businessman.
Last month, High Court Judge Gino Persaud granted an injunction barring the GRA from detaining or seizing four luxury vehicles owned by the Mohamed family.
The vehicles include a Toyota Land Cruiser PAB 3000, a Toyota Land Cruiser PAB 4000, a Lamborghini Aventador PZZ 4000, and a Ferrari 488 PAD 5000.
The GRA claims that the vehicles were significantly undervalued at the time of importation, resulting in the Mohameds paying less taxes than legally required.
As a result, the GRA is seeking a court order compelling the family to pay an additional $1.2 billion in taxes on the luxury vehicles.
