As the currency situation deteriorated last week, the RBZ reportedly froze accounts belonging to Sakunda Holdings, Access Finance, Croco Motors and Spartan Securities. According to The Standard, the decision to freeze these accounts initially came on Wednesday after the Financial Intelligence Unit reportedly picked information that the companies identified were the ones pouring in over $1 Billion into the black market to mop up the USD.
Sakunda is allegedly owned by the president’s ally Kuda Tagwireyi while Spartan is reportedly owned by Mnangagwa’s nephew Tarisai Mnangagwa. RBZ Sources that spoke to the publication said:
A memo was drafted and sent to the Presidents’ Office for approval. It detailed security risks that the country faced if the exchange rate was not dealt with. It stated that President Emmerson Mnangagwa’s administration could be in trouble as the exchange rate movement was now causing havoc in the economy.
An emergency meeting was held by the FIU team to look into the situation amid fears that by Friday, runners for these firms were vowing to take the rate to US$1: Z$30. A decision had to me made instantly and two options were available: either to use the Zanu PF youth league deputy secretary Lewis Matutu to name and shame those behind the ‘heinous act’ or to instruct a freeze of their accounts.
The president was made aware of the decision considering that two of his close allies were involved, Tagwirei and Tarisai Mnangagwa (Spartan Securities), a nephew, as well as a member of his close security He did not object, especially after being told that if the matter was not dealt with urgently, it could cause an uproar. He said ‘as long as it was in the national interest, it must be done.
The rate tumbled to US$1: Z$15 on Friday night after a rumour went out that those accounts had been frozen. According to The Standard, The money being bought by these guys’ runners was supposed to be used to buy command agriculture inputs and flashy cars for ministers. The RBZ order to freeze these accounts has since been lifted according to the Standard but the information is not verified.
More: The Standard
Ndidzo mbavha dzauraya nyika idzi
But are they not being arrested when they are known economic sabotours?
Publicity stunt if they knew this they should have acted when the rate was 1-5 on the inter market bank.
these guys must be dealt with accordingly they are heartless, their accounts must freeze for ever and they must be sent to jail such rebellious ats
nhasi wamuka ,watambira $1000.00 mangwana makuseni watenga nayo USD $30 zvoreva kuti vanhu ava vari kushandisa mari yavanayo kuuraya avo vasina mari , ngavasungwe ,
Mnangagwa and ‘friends’ are stealing every USD$ that comes into Zim – so why should he arrest them? He is the chief thief who is not interested one iota in fixing Zims problems or doing any transformation. The empty hall at UNGA for his speech is a clear warning that the rest of the world (except failed South Africa) is not interested in listening to his lies. He will come back from New York with absolutely fuck all except a huge invoice for the use of a Boeing Business Jet totaling at least THREE MILLION USD$.