Bathroom Boutique & Eurostar fined for not banking their cash

Bathroom Boutique, which was represented by its general manager, Faith Chumbu, was fined $9 700, while Eurostar Electricals Company, which was represented by its manager, Paul Muyengi, was fined $20 000 when the two retail outlets appeared before magistrate Hosiah Mujaya for not observing section 13 of the Bank Use Promotion Act after they failed to bank their cash.

Majaya suspended $1 500 for Bathroom Boutique and $2 000 for Eurostar Electricals on condition that the companies shall not be convicted of similar charges within the next five years. Eurostar Electrical Company and Bathroom Boutique did not submit daily returns of cash sales and deposits as provided for by the RBZ Act.

More: NewsDay

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