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Mathew Masinge
NEVILLE Mutsvangwa will have to wait until, at least on Monday, to launch another bid for his freedom at the High Court.
Neville, who was denied bail by a magistrate last week, yesterday approached the High Court on appeal.
He was told to return on May 27, pending submission of an outstanding record of proceedings, from the magistrate court.
High Court Judge, Justice Esther Muremba, postponed the hearing to Monday.
Neville would have spent 18 days in pre-trial incarceration when he returns on Monday.
He is facing charges of money laundering and trading in foreign currency.
Additionally, he is being charged for violating the Telecommunications Act.
He is being charged alongside his accomplices — Ellis Majachani and Simbarashe Tichingana.
Neville was denied bail on the basis that he was found in possession of 28 bank cards from different countries.
He was deemed a flight risk after he admitted that he had free funds outside the country which he used to buy things for people who, in turn, give him cash back home.
The State claims that from January 1, 2019 to May 8, 2024, Neville and his accomplices formed Mumba Money Transfer Services, without a licence, in violation of the Bank Use Promotion and Suppression of Money Laundering Act and Exchange Control Act.
The trio allegedly employed a combination of electronic funds transfers and physical cash for their unlawful transactions, leveraging foreign bank accounts to obfuscate their activities.
They advertised on the internet directing clients to their offices in Harare.
Four smartphones, 45 sim cards, four computers, one Point Of Sale (POS) machine, 28 debit cards (including 15 VISA cards issued by foreign banks), three money counters and a register of transactions and US$3 890 cash were recovered from the trio’s offices.
Mathew Masinge
Online Reporter