News / National
LISTEN: ZANU-PF MP in forex scam, implicates RBZ
13 Mar 2023 at 12:37hrs | 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.
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
