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LISTEN: ZANU-PF MP in forex scam, implicates RBZ

by Simbarashe Sithole
13 Mar 2023 at 16:37hrs | Views
Mazowe North lawmaker Campion Mugweni (ZANU PF) has disclosed that he was allegedly working with some officials at Treasury to engage in illegal foreign currency deals.

In a leaked audio Mugweni is head saying that he charges 4% interest on transactions to cover costs that will include paying a cut to the Treasury team at the Reserve Bank of Zimbabwe.

"If you want US$10 000 but you have RTGS; if that is what you want it's fine, but l will put a mark-up on the percentage. l am going to put 4-point mark-up because there are costs involved and l have my boys at Treasury who push my deals," Mugweni said.

Trading in foreign currency is illegal in Zimbabwe.

A documentary by an international broadcasting media organisation, Aljazeera which is yet to be broadcasted, described the Reserve Bank of Zimbabwe as a mafia organisation aiding the smuggling of gold.

Mugweni has been at the eye of a storm in his constituency with top Zanu PF officials chastising him for going missing in the constituency, only to come back for re-election.

He is nicknamed Missing MP because of his absence in the constituency since he was elected.

Efforts to contact Mugweni hit the brick wall as his mobile number was not reachable.

Source - Byo24News