BREAKING: Ecocash loses court case against RBZ
The court ruled that EcoCash had no standing to litigate on behalf of its agents and RBZ actions lawful adding that it cannot interdict a lawful act as that interdict will prevent the RBZ from performing its functions in terms of the law.
The court application also pointed out that the agents haven't committed a crime.
#BREAKING High Court throws out application by EcoCash for restoration of 1000s of agent lines ordered terminated by the Reserve Bank of Zimbabwe for suspected illegal forex trading. A judge ruled EcoCash had no standing to litigate on behalf of its agents and RBZ actions lawful pic.twitter.com/1tydGAGaZQ— ZimLive (@zimlive) May 26, 2020