Online Reporter
Prosper Dembedza
Herald Correspondent
ENDLESS Beauty Supplies, trading as Top Notch Logistics, represented by Tafadzwa Nyabadza, has appeared in court facing money laundering charges involving US$380 220.
The company was facing charges of contravening the Exchange Control Act and the Money Laundering and Proceeds of Crime Act.
The court heard that on December 3, 2025, detectives from CID Asset Forfeiture were deployed carrying out operation “Pressure Valve”, whose mandate is checking of fuel and LPG retail sites to verify sources of funding, pricing anomalies, courier-linked transactions, bank use and full compliance with the licensing processes to disrupt laundering networks and courier syndicates.
It is alleged that during the morning of the same date, the team received information to the effect that the accused was involved in a ‘hawala system’ that was making informal payments outside the country.
Preliminary investigations conducted revealed that during the period extending from January 1, 2025 to December 3, 2025, the company made payments of various goods to the United Arab Emirates worth US$380 220.
According to company documents, the company failed to produce proof that the imports were made through the normal banking system.
It is the State’s case that the company made offshore payments for the imports without the approval of the Reserve Bank of Zimbabwe Exchange Control, thereby violating the Exchange Control Act.
Furthermore, the source of funding is unknown, thereby raising suspicion of money laundering activities.
