RBZ Freezes 5 More Accounts – Report

The RBZ has reportedly directed all banks to freeze the following accounts ZimLive reports.

  1. Bill Height Investments,
  2. Landela Investments,
  3. Rimosa Trading,
  4. Fossil Agro
  5. Traverze Travel.

The directive reportedly came after the parallel market rate shot up to US$1 : ZW$19 on Wednesday when it opened the week at 1:14 on Monday. According to ZimLive:

Zanu PF MP Justice Mayor Wadyajena identified three of the companies – Landela Investments, Rimosa Trading and Fossil Agro – as being owned by petroleum tycoon, Kudakwashe Tagwirei.

Traverse is run by Zimbabwean Businesswoman Zodwa Mkandla and according to the same publication used to handle all government’s foreign travel bookings before the tender was awarded to East Town Holdings owned by Marry Chiwenga last year.

Earlier today the RBZ issued a statement dismissing the rumour that it lifted the freeze on accounts that were frozen last week.

More: Zimlive


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3 comments on “RBZ Freezes 5 More Accounts – Report

  1. This is just till ED gets back as these are his relatives…. while the anti corruption team is looking the other way …. can john mangudyas a/c be audited ?

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