Online Reporter
Prosper Dembedza
Herald Correspondent
A GAS company, Grant Thulisa, represented by Grant Chitate, has been dragged before Harare magistrate Donald Ndirowei on charges of contravening the Exchange Control Act after making payments overseas without the authority of the Reserve Bank of Zimbabwe.
The company, which was represented by its lawyer Mr Tafadzwa Hungwe, was granted bail of US$1 000.
The matter was remanded to September 9 for routine remand pending finalisation of investigations.
Prosecutor Rufaro Chonzi alleged that between January 2019 and December 2024, the company made payments outside Zimbabwe for the importation of 9 455 100 kg of LP gas valued at US$ 7 669 864,12 without the authority of the RBZ.
The court heard that when the company accounts were checked, they did show payments made for gas purchases and the values in the bank accounts did not match the value of the imports, which is in contravention of the Exchange Control Act.
Online Reporter