Guyana reports gold fraud scheme

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Associated Press

Posted on April 5, 2014 at 9:03 AM

Updated Saturday, Apr 5 at 2:02 PM

GEORGETOWN, Guyana (AP) — Police in Guyana have closed a government office that regulated the sale of gold after discovering that millions of dollars worth of gold had been laced with silver.

The South American country's Natural Resources Ministry says the office in the southwest jungle town of Bartica would gold plate the mix of silver and gold and then ship it to the capital as pure gold.

Officials said late Friday that several government employees have been detained. No one has been charged yet, and the investigation is ongoing.

The office was in charge of buying raw gold from miners in the area.

Gold is Guyana's main export.

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