Breaking News

RBZ Director back in court

by Staff reporter
11 January 2019 | 1235 Views
The suspended Reserve Bank of Zimbabwe director who appeared in court last year facing abuse of office was yesterday back in court for routine remand.

Mirirai Chiremba yesterday appeared before Harare magistrate Ruramai Chitumbura and placed the State on notice that on his next remand date, he intends to make an application for relaxation of bail reporting conditions.

Chiremba was released on $6000 bail and was ordered to report three times a week at CID Commercial Crimes Division.

Chiremba is alleged to have raised the daily withdrawal limit of a company he had interests in without following due diligence.

Allegations are that on October 13, last year, Suzan General Trading opened an NMB account at the Borrowdale Branch which was meant to facilitate payments by Fidelity Printers and Refiners for gold delivered by Suzan and at the time, the corporate withdrawal limit was $10 000 per day.




On October 27, Suzan through one of its signatories, Shah Saumilkumar filed an application to NMB requesting for the withdrawal limit to be raised to $30 000 and the bank carried out reviews of the application before transferring it to the RBZ financial unit for processing.

Chiremba approved the application on November 3 and on February 23, Suzan successfully applied for their daily limit to be increased to US$95 000 due to business expansion.

Suzan tendered another application for the limit to be raised to US$195 000 on August 3 which Chiremba allegedly approved before it was processed by the RBZ Financial Intelligence Unit.

RBZ Director Court

Source: hmetro

Comments

Latest News

Rocks from mountain crush huts in Zimbabwe

by City Press | 24 March 2019 | 1473 Views

'Tax reforms to rescue debt-distressed Zimbabwe'

by Staff reporter | 24 March 2019 | 482 Views

Afreximbank grants Zimbabwe interbank forex trade loan

by Staff reporter | 24 March 2019 | 576 Views

Zimbabwe volcano fears - The Civil Protection Department (CPD) in Masv...

by Staff reporter | 24 March 2019 | 2140 Views

Mnangagwa goes Biblical: 'Zimbabwe accepts will of God'

by Staff reporter | 24 March 2019 | 881 Views

Open letter to President Mnangagwa

by Viniel Deredza | 24 March 2019 | 707 Views

Warriors ease into Afcon finals

by SuperSport | 24 March 2019 | 484 Views

Rights Commission finalising probe into Zimbabwe army crackdown - THE ...

by Staff reporter | 24 March 2019 | 129 Views

3 lawyers banned from practising - THREE lawyers have been banned from...

by Staff reporter | 24 March 2019 | 479 Views

Jabulani Sibanda to bounce back?

by Staff reporter | 24 March 2019 | 653 Views

Questions over Mnangagwa's choice of advisors - ON three occasions, Pr...

by Staff reporter | 24 March 2019 | 194 Views

Potraz board okays tariff increases

by Staff reporter | 24 March 2019 | 167 Views

Horror Cyclone destruction trail unravels - THE human toll of Cyclone ...

by Staff reporter | 24 March 2019 | 106 Views

LIVE: Zimbabwe vs Congo Brazzaville

by Staff reporter | 24 March 2019 | 3402 Views

Zimbabwe debt should be audited - ZIMBABWE should not rush to pay its ...

by John Kachembere | 24 March 2019 | 787 Views

Zimbabwean couple hijacked in Durban, wife missing since Monday - A Zi...

by Staff reporter | 24 March 2019 | 3627 Views

Mnangagwa's days numbered

by Staff repo | 24 March 2019 | 7638 Views

Zimbabwean man dies during sex with SA mistress - A  67- year-old...

by Staff reporter | 24 March 2019 | 3462 Views

Zimbabwean company donates laptops to needy SA varsity students - Zoro...

by African News Agency (ANA) | 24 March 2019 | 1004 Views

Gweru prophet sets up school of spiritual gifts - Gweru-born Prophet G...

by Staff reporter | 24 March 2019 | 463 Views

Potraz brings toll free platforms to rural folk

by Staff reporter | 24 March 2019 | 160 Views

Mnangagwa pledges support for Gukurahundi victims

by Staff reporter | 24 March 2019 | 379 Views

Zimbabwe banks must support the interbank trading - THE interbank mark...

by Andrew Lampard | 24 March 2019 | 259 Views

Robbing the poor in the name of patriotism - The post-Robert Mugabe ad...

by Tawanda Majoni | 24 March 2019 | 210 Views

'Using Air Zimbabwe will pose logistical problems for Mnangagwa' - Dep...

by Staff reporter | 24 March 2019 | 391 Views

Entertainment

Andy Muridzo promises new album

by Simbarashe Sithole | 18 March 2019 | 308 Views

Kwejani band is back! - AFTER an eight-year hiatus, Victoria Falls' su...

by Staff reporter | 13 March 2019 | 1189 Views

Moyo revives Pantsula genre

by Staff reporter | 10 March 2019 | 430 Views

Majaivana's sad farewell

by Bruce Ndlovu | 10 March 2019 | 6756 Views

Nceku shifts base to SA

by Staff reporter | 09 March 2019 | 826 Views

Baba Harare abandoned by band members - Jit musician, Baba Harare has ...

by Staff reporter | 04 March 2019 | 2050 Views

Winky D pays the price

by Staff reporter | 03 March 2019 | 5482 Views
iBlog

Tb Joshua Worst Enemy Angelique Tonge Exposed

About two years ago, we came out emphatically about those behind the t.b joshua watch. many were those who thought we were framing innocent people up or on a witch hunt. some events have vindicated us and the cat is out of the bag. it is said that no... Read More
pointblank 01 May 2015 ago

Five Reliable Outlook Pst File Repair Tools

Outlook pst files can become corrupted -- and when that happens, work grinds to a halt. if your organization relies on outlook, one of these tools could save the day. outlook is the industry standard groupware tool. let's take a look at five that can... Read More
ITnews 04 May 2015 ago