Online Reporter
Zvikomborero Parafini
BUSINESSMAN Grant Chitate has appeared in court for allegedly violating exchange control regulations by making payments worth US$7 million outside Zimbabwe without authorisation from the Reserve Bank.
Chitate of Grant Wellington Thulisa Private Limited was not asked to plead when he appeared before Harare regional magistrate Donald Ndirowei yesterday.
He was released on US$1 000 bail and was ordered not to interfere with witnesses until the matter is finalised.
Prosecutors alleged that between January 2019 and December last year, Chitate and his company, without the authority from the exchange control authorities, unlawfully made payments outside Zimbabwe by importing 9 455 100 kg of LP gas valued at US$7 669 864.12.
Checks with Grant Wellington Thulisa Private Limited company accounts do not show payments of gas purchases and the values in the bank accounts do not match the value of the imports.
Rufaro Chonzi prosecuted.
