Money changer arrested with $70 000 hard currency

Brine Matarutse (33) who is an illegal foreign currency dealer was arrested on November 9 for allegedly possessing more than $70 000 in various currencies which included R436 210, $14 229 in bond notes, US$12 055 and P1 720. The money was recovered stashed inside the loading box of his car, a Toyota Hilux.

Matarutse pleaded not guilty when he appeared before Bulawayo magistrate Ms Nyarai Ringisai facing charges of contravening a section of the Exchange Control regulations and was remanded out of custody to November 21 on $100 bail. The court heard that on being interviewed by police, Matarutse admitted that he was a currency dealer. He told the court that the money belonged to his clients who supplied him with cash.

More: Chronicle

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