Neville Mutsvangwa is set to appear in court today to continue his bail application following a weekend spent in remand prison. Mutsvangwa, alongside Ellis Majachani and Simbarashe Tichingana, faces charges of money laundering, trading in foreign currency, and violating the Telecommunications Act.
The trio made an appearance before Harare magistrate Dennis Mangosi on Friday, but the matter was adjourned to today due to time constraints. During their initial appearance, prosecutor Thomas Chanakira argued against bail, citing the seriousness of the charges, including money laundering, which carries heavy penalties upon conviction.
Chanakira also highlighted Mutsvangwa’s alleged attempt to evade arrest when police raided his home. It’s reported that Mutsvangwa was found hiding in the backyard between a precast wall and sacks, suggesting a reluctance to face trial.
The State alleges that between January 1, 2019, and May 8, 2024, the trio operated Mumba Money Transfer services without a license, contravening banking and exchange control laws.
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They purportedly advertised their services online, directing clients to their Harare offices, and conducted transactions using a mix of electronic transfers and physical cash, utilizing foreign bank accounts to obscure their activities.
During the raid, the police seized various items including smartphones, SIM cards, computers, a Point of Sale (POS) machine, debit cards (including foreign-issued VISA cards), money counters, a transaction register, and $3,890 in cash.
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