News / Local
Illegal money sender in trouble
16 Jun 2015 at 06:27hrs | Views
A PUMULA SOUTH woman who has been engaged into illegal sending and receiving money has been dragged to court to answer charges of contravening the Banking Act.
Sithulisiwe Sibanda (31) pleaded guilty to the charge when she appeared before Bulawayo magistrate Tinashe Tashaya.
The magistrate convicted and sentenced her to pay a fine of $100 or spend two months in jail.
The court heard that on June 10 this year at number 40A Herbert Chitepo in Bulawayo at 11.30am information was received by the police officers Tendai Chinyunyu and Advice Shoko that Sibanda was dealing in sending and receiving cash services without licence.
They went to the place where she operates and observed her receiving and sending money for her clients.
They approached her and introduced themselves before asking for her operating licence in terms of the Banking Act.
On further investigating they discovered that she was doing that at 10% interest for South Africa transactions.
They recovered a counter book used as a register and a cellphone used for transactions.
They also recovered R20070 meant for cashing out.
This led to her arrest for violating the Banking Act.
Source - Byo24News
