Breaking News

Forex dealer nabbed, appears in court

by Staff reporter
12 January 2019 | 1080 Views
A 24-YEAR-OLD Marondera man, who was nabbed by police while selling foreign currency on the black market, has been arraigned before the courts.

James Mukaro of Cherutombo suburb pleaded not guilty to charges of illegally dealing in foreign currency before Marondera magistrate Patience Chirimo and was remanded out of custody to January 21.

Mukaro is being accused of Contravening Section 5 of the Exchange Control (Amendment) Regulatory Act, Chapter 22:05, ARW Section 4 of SI 109/96 as amended by Section 2 of SI 122Aof 2017: Dealing in Foreign Currency.

According to court papers, on January 5, police officers were on an operation to curb illegal dealing in foreign currency in Marondera.

It is alleged that one Inspector Shayanewako was in civilian attire on spot checks near Zuva Service Station, when he was approached by the accused.

The court heard Mukaro was displaying R300, US$120, and $1 173 bond notes, which he was allegedly trading.




The accused person allegedly lured Shayanewako, saying: "What amount of money are you looking for, my brother? EcoCash, cash or swipe?"

It is alleged that Shayanewako then signalled other police officers who were on deployment for the operation and arrested the accused.

Mukaro was searched and police found various amounts of currencies and denominations in his pocket.

Zvikomborero Chidavaenzi represented the State.

Forex Dealer Court

Source: newsday

Comments

Latest News

Rocks from mountain crush huts in Zimbabwe

by City Press | 24 March 2019 | 1841 Views

'Tax reforms to rescue debt-distressed Zimbabwe'

by Staff reporter | 24 March 2019 | 560 Views

Afreximbank grants Zimbabwe interbank forex trade loan

by Staff reporter | 24 March 2019 | 644 Views

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

by Staff reporter | 24 March 2019 | 2460 Views

Mnangagwa goes Biblical: 'Zimbabwe accepts will of God'

by Staff reporter | 24 March 2019 | 977 Views

Open letter to President Mnangagwa

by Viniel Deredza | 24 March 2019 | 789 Views

Warriors ease into Afcon finals

by SuperSport | 24 March 2019 | 527 Views

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

by Staff reporter | 24 March 2019 | 143 Views

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

by Staff reporter | 24 March 2019 | 533 Views

Jabulani Sibanda to bounce back?

by Staff reporter | 24 March 2019 | 748 Views

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

by Staff reporter | 24 March 2019 | 216 Views

Potraz board okays tariff increases

by Staff reporter | 24 March 2019 | 184 Views

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

by Staff reporter | 24 March 2019 | 120 Views

LIVE: Zimbabwe vs Congo Brazzaville

by Staff reporter | 24 March 2019 | 3439 Views

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

by John Kachembere | 24 March 2019 | 795 Views

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

by Staff reporter | 24 March 2019 | 3678 Views

Mnangagwa's days numbered

by Staff repo | 24 March 2019 | 7838 Views

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

by Staff reporter | 24 March 2019 | 3528 Views

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

by African News Agency (ANA) | 24 March 2019 | 1020 Views

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

by Staff reporter | 24 March 2019 | 475 Views

Potraz brings toll free platforms to rural folk

by Staff reporter | 24 March 2019 | 162 Views

Mnangagwa pledges support for Gukurahundi victims

by Staff reporter | 24 March 2019 | 400 Views

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

by Andrew Lampard | 24 March 2019 | 262 Views

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

by Tawanda Majoni | 24 March 2019 | 219 Views

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

by Staff reporter | 24 March 2019 | 405 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 | 464 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 | 5517 Views
iBlog

Ios 9 Features Inspired By Android

apple announced ios 9 on monday, and while watching the keynote, i had just a little bit of déjà vu. most of ios 9's new features seem to be squarely aimed at apple's biggest rival in mobile: android. specifically, they were about catching up to ... Read More
Sergey 13 June 2015 ago

Greatsoftline For All Of Your Software Needs

coupon and promo codes: greatsoftline for all of your software needswhile some online sellers have promotional services that reduce the overall amount you spent, others do not .you need to be on the lookout for the best outlets in order to chase th... Read More
ITnews 25 February 2015 ago