A Harare company has been dragged to court on charges of contravening exchange control regulations after it allegedly misrepresented the amounts of money it spent importing gas.
The company, Grant Thulisa, represented by Grant Chitate appeared before magistrate Donald Ndirowei.
The company representative was granted US$1 000 bail and ordered not to interfere with witnesses.
The matter was remanded to September 9 for routine remand pending finalisation of investigations.
Prosecutor Rufaro Chonzi alleged that between January 2019 and December 2024, the company without the authority from the Reserve Bank of Zimbabwe (RBZ) unlawfully made payments outside Zimbabwe totalling at US$ 7 669 864.
The company alleged that the money was for the importation of 9 455 100 kilogrammes of liquefied petroleum gas.
The court, however, heard that investigations revealed that the payments did not match the value of the imports in contravention of the Exchange Control Act.
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