Edward Nyevera, director of Lysavay Enterprise Private Limited in Bulawayo was arrested for allegedly externalising $510 367 to Botswana in breach of the country’s foreign exchange rules. Harare magistrate Mrs Josephine Sande remanded Nyevera to October 12 on $1000 bail. He is being charged with contravening the Exchange Control Act, which prohibits dealing in gold, currency or securities without approval from the central bank.
Nyevera was arrested after a tip-off
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