“Forex dealer” granted bail

Online Reporter

AN alleged illegal foreign currency dealer, Rangarirai Chimbamba has been granted bail by the Harare High Court.

The National Prosecuting Authority of Zimbabwe (NPAZ) said Chimbamba was previously denied bail by a Harare Magistrate.

“Chimbamba is facing allegations of contravening Section 5 (1) (a) (ii) of the Exchange Control Act Chapter 22:05 as read with Section 4 (1) (a) (1) of the Exchange Control Regulations S.I. 109 of 1996 in that she illegally dealt in foreign currency together with her co-accused. Bail Conditions: she was ordered to deposit the sum of USD50 through the Clerk of Court, Harare Magistrates’ Court. She was ordered to reside at the given address  and she was ordered to report to the Police once a week,” said the NPAZ.

Related Posts

First Capital Bank launches 18-day, 13-City strategic national roadshow

Business Reporter First Capital Bank Zimbabwe is rolling out its flagship 2026 Strategic Client Road Show, an intensive 18-day national outreach programme aimed at translating its “customer first” strategy into…

Longer lives, new national health challenge as NCDs surge

Robin Muchetu [email protected] ZIMBABWE’S hard-won gains in the fight against HIV have ushered in a new public health challenge, with non-communicable diseases (NCDs) such as hypertension, diabetes, heart disease and…

Leave a Reply

Your email address will not be published. Required fields are marked *

×