ZACC Arrests Businessman For Money-Laundering And Externalisation Of US$1.3M
The Zimbabwe Anti-Corruption Commission on Thursday arrested a local businessman, Ismail Moosa Lunat (57) of Kumalo suburb on allegations that he is fueling money-laundering and also that he externalised US$1.3 million.
Lunat was remanded in custody to Monday for bail hearing when he appeared before Bulawayo Magistrate Tinashe Tashaya.
The state alleges that Lunat has been under surveillance after the Reserve Bank of Zimbabwe suggested in 2018 that he was using his company, Rollright Consultancy ‘s NMB bank account to fuel money-laundering.
Mr Nqobani Sithole of Ncube Attorneys wh is representing Lunat in the matter accused the state and ZACC of being overzealous and confused. He said:
You are overzealous, you started to investigate the case in the beginning of February and you are saying you have overwhelming evidence. This means you have a shallow understanding of the case because the CID Commercial Crimes Division is working on the matter and you took it over from them without a clear understanding of the case.
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Sithole further argued that his client deserves to be granted bail since he has proved in previous cases that he cannot abscond court orders.
The state, however, argued that the accused must not be granted bail since he committed other crimes whilst on bail and also because there were high chances for Lunat to tamper with evidence and frustrate the investigations.
More: The Chronicle
