The Guyana Revenue Authority (GRA) has initiated legal proceedings in the Georgetown Magistrates’ Court against controversial Atlantic Fuels Inc for making a false declaration to the tax agency.

GRA contends that on November 12, 2020, at its headquarters on Camp Street, Georgetown, Atlantic Fuels Inc caused to be made and subscribed a false declaration to the tax agency contrary to the Customs Act, Chapter 82:01.

Guyana Standard understands that the company had under-invoiced a shipment, which caused GRA to lose money. Well-placed sources have relayed to this publication that the company has been changing the cost for fuel to a much lower price.

GRA has been finding evidence between other fuel companies and staff where gallons are being recorded as litres.

The complaint, which was made by Commissioner- General of GRA Godfrey Statia, will see a representative of the company appearing in court on January 4, 2021.

Atlantic Fuel Inc., which is owned by Former Chief Executive Officer (CEO) of the Guyana Water Inc (GWI), Dr. Richard Van West Charles, was granted an import/export and store fuel licence in 2016.

This is not the first false declaration the company has made. In fact, last year January, the company was brought to the fore for falsifying two invoices.


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