Judge Rogers Manyangadze has granted bail to Neville Mutsvangwa and his co-accused, with a US$1,000 bond each, according to a recent court ruling.
Alongside his co-accused, Mutsvangwa made an appearance in court. He has been under investigation for his alleged involvement in major criminal acts. Although the article does not contain all of the charges’ details, the seriousness of the allegations called for a sizable bail amount.
Mutsvangwa is accused on three counts of unlawful foreign exchange transactions, together with his two associates, Elias Majachani and Simbarashe Tichingana. Mutsvangwa challenged the magistrates court’s initial denial of bail to the High Court for reexamination.
The appeal was delayed because the first judge, Justice Esther Muremba, withdrew her personal recusal on Monday. That following day, she was supposed to deliver a decision.
Ms. Josephine Sande, who was Mutsvangwa’s attorney, contended at the High Court hearing that the prosecution lacked a strong case against her client and his co-accused.
She argued that the remand magistrate erred in refusing bail, citing the fact that the Visa cards that were taken from Mutsvangwa’s Mount Pleasant residence are not criminal records and do not prove illicit activity or money laundering.
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Neville Mutsvangwa and his friends posed a flight risk, according to Magistrate Dennis Mangosi, who rejected bail based on a mountain of evidence that suggested Mutsvangwa’s company, Mumba Money Transfer, was an unlicensed business engaged in foreign exchange transactions.
Mangosi was especially worried by Mutsvangwa’s first opposition to the police entering his house and his subsequent attempt to hide in order to avoid being arrested.
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