478 Forex Dealers Arrested. Over 200 in Bulawayo. Only 65 in Harare

A Herald report says that Zimbabwe Republic police has arrested 478 forex dealers. It, however, does not mention the period the arrests were made. Systematic arrests of forex dealers started after a new law was put into effect in September 2017  – Statutory Instrument 122A of 2017, Exchange Control (Amendment) Regulations, 2017 (No. 5). The arrests intensified at the end of November this year.

Of the 478, 209 were arrested in Bulawayo, 65 in Harare and the rest in other parts of the country.

Said Charamba yesterday on the arrests:

Thirty cases were sent to court and five were convicted. The rest are still pending. People should refrain from engaging in these illicit dealings

More: The Herald

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One Comment on “478 Forex Dealers Arrested. Over 200 in Bulawayo. Only 65 in Harare

  1. That is typical Zim politics. Heavy handed in Bulawayo when money changes hands in the glare of everyone in Harare.

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