RBZ Financial Intelligence Unit (FIU) director-general Mirirai Chiremba on October 29, 2019, wrote a letter to Croco Motors in which he said that no irregular transactions were observed. He wrote:
With reference to the above, we wish to advise that the FIU has concluded its analysis of your company’s bank accounts. The analysis did not reveal any irregular transactions.
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You are, therefore, advised to continue with your normal operations as the directive has now been lifted.
In September this year, the FIU sent a directive to all banks to freeze the accounts of several companies to facilitate investigations after there was a sudden spike in the exchange rate.
Croco Motors was one of the companies that were under the RBZ’s radar.