News / National
'Forex dealer' granted bail
21 May 2024 at 03:16hrs | Views
Rangarirai Chimbamba, an alleged illegal foreign currency dealer, has been granted bail by the Harare High Court.
According to the National Prosecuting Authority of Zimbabwe (NPAZ), Chimbamba had previously been denied bail by a Harare Magistrate.
"Chimbamba is facing allegations of contravening Section 5 (1) (a) (ii) of the Exchange Control Act Chapter 22:05, as read with Section 4 (1) (a) (1) of the Exchange Control Regulations S.I. 109 of 1996, for illegally dealing in foreign currency with her co-accused. Bail conditions require her to deposit USD 50 through the Clerk of Court, Harare Magistrates' Court, reside at a specified address, and report to the police once a week," the NPAZ stated.
"Chimbamba is facing allegations of contravening Section 5 (1) (a) (ii) of the Exchange Control Act Chapter 22:05, as read with Section 4 (1) (a) (1) of the Exchange Control Regulations S.I. 109 of 1996, for illegally dealing in foreign currency with her co-accused. Bail conditions require her to deposit USD 50 through the Clerk of Court, Harare Magistrates' Court, reside at a specified address, and report to the police once a week," the NPAZ stated.
Source - the herald
