Glenn Lall covering Lexus fraud paper trail

…to stave off IRS jail time – sources

The absence of the owner of Kaieteur News, Mohan “Glenn” Lall was quite noticeable at the court hearing in Georgetown on February 6 in which his Gy$100 million tax fraud case was settled “amicably” with the Guyanese tax authorities.

His attorneys advised the court that he, along with his co-defendants  ― wife Bhena, and “friends” in the fraud, Narootandeo and Gharbassi Brijnanan were in the United States, where the fraud allegedly originated.

While it was widely reported that Glenn Lall had fled the jurisdiction and was allegedly hiding out in the US, this newspaper has received credible information that Lall is actually trying desperately to clean up the paper trail of the financial fraud in the US. He is desperately trying to avoid the inevitable investigation by the US Internal Revenue Services (IRS) about the unreported transfers of large sums of money along with several discrepancies in the records of the purchase of the two Lexuses in the US, without mandatory filings on them. This has prevented his return to Guyana at this time.

The first discrepancy to be cleared up is the two luxury Lexus LX570 SUVs that were shipped as per Bill of Lading 112932 to Guyana from the US supposedly had VIN#  JTJHY7AX6D4096745 and VIN# JTJHY7AX6D4094851.

But before a vehicle can be shipped from the US, it must satisfy the US Customs and Border Protection that any and all liens on the vehicles have been resolved to the satisfaction of the lien holder.

According to Regulation 19CFR part 192, “the provisional owner must provide to Customs a separate writing from the third-party-in interest which expressly provides that the subject vehicle may be exported.

According to our information, Invoice # L33913X123 of 12-3-2012 allegedly supplied by a New York car dealer details that one used LEXUS LX570 SUV 2013 VIN # JTJHY7AX6D4094851 was sold for US$44,158.00.

Interestingly from the same company Invoice # L33913X126 dated three days later (12-6-2012) purported to have sold “Used Lexus LX570 SUV 2013” VIN # JTJHY7AX6D4096745” for the identical US$ 44,158.00.

Because of this amazing coincidence in prices for two supposedly different vehicles, and the fact that two Lexuses were purchased three days apart by two individuals who did not have driving licences, has been raised in Guyana, Lall is allegedly attempting to have the records altered.

From the paperwork submitted to the GRA by the Brijnanans, they supplied a New York State Certificate of Title for VIN # JTJHY7AX6D4094851, which showed a mileage of 9580 miles as of 3-14-13. It indicated a lien from Toyota Motor Credit Corp.

However, there was no letter from the lienholder showing that the debt had been satisfied and that it could be shipped out of the country.

The US IRS will eventually investigate who paid off the lien, which was very substantial, and the source of the funds.

It is alleged that Glenn Lall might have been the payer since he used the vehicle once it was cleared in Guyana, under registration PRR 8399.

On the second vehicle shipped in as “VIN # JTJHY7AX6D4096745”, at no time did the Brijnanans provide a Certificate of Title for this vehicle to the GRA, which accepted on its documentation that it did not inspect the chassis.

However, the Brijnanans did submit a NY State Certificate of Title for a completely different LEXUS LX570 2013, VIN # JTJH7AD7D4100270 with only 15 miles as of 9-25-12. This would have been a NEW vehicle.

Observers say that the IRS and the US Customs eventually will also have to investigate the car dealer for the alleged fraud – creating an invoice for one used vehicle with a particular VIN # JTJHY7AX6D4096745 when actually a new vehicle was sold to the Brijnanans three months earlier.

This new vehicle which would have cost at least US$40,000 more than the invoiced used one, and was actually shipped to Guyana, had a lien from JPMorgan Chase Bank NA, which would have had to be completely paid off. In this case also, there was no letter from the lienholder indicating that the lien was paid off.

This letter would have indicated the trail of the funds that took care of this requirement before the vehicle was shipped.

Sources say that Glenn Lall will not leave the US until he clears up all these alleged discrepancies which sought to defraud both the US and Guyana governments.

If he does not, criminal charges could be laid against him, the Brijnanans and the car dealer by the IRS and the US Customs.