A suspected illegal currency dealing operation at a Harare tobacco sales floor has resulted in the arrest of a man and the seizure of thousands of United States dollars in cash.
Munyaradzi Mararike (32), of New Tafara, appeared before the Harare Magistrates’ Court facing charges of unlawful currency dealing and money laundering in contravention of the Exchange Control Act and the Money Laundering and Proceeds of Crime Act.
According to the State, detectives received information linking Mararike to unauthorised foreign currency transactions at Ethical Tobacco Sales Floor, where he allegedly exchanged Zimbabwe Gold coins for United States dollars with tobacco farmers.
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During the operation, police reportedly recovered US$44,757 in cash and a CBZ Point of Sale machine from his possession.
Prosecutors allege that the accused’s activities formed part of a broader scheme to launder money of unknown origin, prompting intervention by the Asset Forfeiture Unit.
The matter is pending before the Harare Magistrates’ Court.
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