Online Reporter
Zvikomborero Parafini
THREE suspected illegal foreign currency dealers appeared in court yesterday after being arrested in central Harare during a police operation targeting illicit cash trading.
Prince Maravanyika (32), Abisha Hozheri (33) and Moses Mazurura (25) were each granted US$200 bail by Harare magistrate Jessie Kufa.
The court heard that on April 27, detectives from the CID Asset Forfeiture Unit were on an operation targeting illegal cash dealings, when they received information that the three were exchanging US dollars for ZiG currency without the approval of the Reserve Bank of Zimbabwe.
Maravanyika was arrested at the corner of Mbuya Nehanda Street and Speke Avenue, where he was allegedly found dealing in foreign currency. Police recovered US$5 200 and two point-of-sale machines from him.
In a separate incident at the corner of Mbuya Nehanda and Albion Street, Hozheri and Mazurura were also arrested for similar offences.
Authorities recovered US$41 020 and a point-of-sale machine from the pair.
The State alleges that the accused were using proceeds of crime and engaging in unauthorised currency trading in contravention of exchange control regulations.
