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Glen Norah Money Changer Sentenced To 6 Months Imprisonment

7 months agoWed, 07 Aug 2024 06:10:58 GMT
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Glen Norah Money Changer Sentenced To 6 Months Imprisonment

Ishmael Munashe Sakonda, a 29-year-old money changer from Harare’s Glen Norah B neighbourhood, has been sentenced to 6 months in prison for illegally dealing in foreign currency.

Sakonda was arraigned before the Harare Magistrates’ Court and charged with contravening Section 5(1)(a)(ii) of the Exchange Control Act Chapter 22:05.

The charges also included violations of Section 4(1)(a) of the Exchange Regulations SI 109 of 1996, as amended by Section 2 of the Statutory Instrument 122A of 2017, as well as Sections 3 and 4(2) of SI 245 of 2018, all related to “dealing in currency”.

The court heard that on July 29, 2024, police detectives received information that the accused was illegally trading foreign currency at the Glenorah B Shopping Centre.

Two days later, undercover police officers approached Sakonda, posing as customers seeking to exchange ZiG for US dollars.

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The accused offered the detectives a black market rate of US$1 to ZIG17. He then gave one of the officers a debit card to use for purchases at a nearby supermarket.

After the transaction, the officer returned the card to Sakonda and also gave him US$20 in trap money, which was the ZiG equivalent of the amount swiped at the supermarket.

Upon receiving the money, the police officers revealed their identities and immediately arrested Sakonda.

The court sentenced Sakonda to 6 months in prison, with 3 months suspended for 5 years. He will serve the remaining 3 months of the sentence.

More: Pindula News

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23 Comments

Mutundo · 7 months ago
What is foreign currency? Why do the government peg prices in US$ ? This game is unfair ??
nust · 7 months ago
siyanai nezveku chinger mari , moenda kuno hoard matomatoes kuMbare
Bumbling Bumm Zanoos · 7 months ago
command currency , kkk what a joke by these zanoo klown bumms
Anonymous · 7 months ago
If we call for demos they don't join citizens they don't even vote
??? · 7 months ago
At least Christmas unenge wabuda hako ugoziva kuti Zig s
Corruptmore Looto · 7 months ago
Hona kuSA, Zambia, Botswana they use their money without being forced by the government. Ukaenda kuSA neUS unonzi chinja mari yako shamari manje muno it's the exact opposite and it's all about the lack of trust and confidence in Zanu government, so all these useless tactics will not work. Good governance, sound macro economic policies, an independent reserve Bank which ceases engaging in quasi fiscal shenanigans and which doesn't bow down to political interference. That will help cultivate trust in the ZiG not the nonsense they are doing
zimsketch · 7 months ago
and in those countries, their currency pays for everything including passport and fuel. now you see the difference
Anonymous · 7 months ago
People should di business that builds the economy and not destroy the economy . Watyora mutemo ngaasungwe .
@ceteris pari😋😋 · 7 months ago
vanhu batai chaiko it doesn't make sense mhani zvrikuita madzenga aya anochinja mari
Foxbat · 7 months ago
uka dealer ne ma millions kana billions hauna kupara mhosva chiita deal 20 dollars unornda kujerijj dollars u
skun · 7 months ago
imagine that..🙌
pipilo · 7 months ago
,
Anonymous · 7 months ago
Batai vanhu mova konyera muchizarira. Zvine musoro here izvozvo kuti from nowhere munhu ongofuma achiti rate rangu riri pakati achiita profit yekupenga. Batai vanhu.Asvotwa ngaabude.
🏋️🕺⛹️ · 7 months ago
u can scream all u want 1:23 takaenda, money is backed by trust not guns and threats worst-off gold ramusina 😁😁😁😁😁😁
HiLLBiLLIES VOLkSWAGEN 0774857233 · 7 months ago
UMMMMH THIS IS NOT FREE AND FAIR
That guy · 7 months ago
ko fat one how far ko Gold mafia zvakatozongopera zvakadaro?
CIO · 7 months ago
with a boxer shorts haaa naked,vaizivana vanhu ava or bby aitoda since she can not speak and see and she z not married ...myb zvonetsa kuhwisisika nema brothers ....but wyt they mentioned kuti musikana ange abuda ega mmmmm pindula munhu if that so vakatotipirana
million · 7 months ago
apa mwana wamutsvangwa haasati atongwa but basa rekutonga wanotambura zvawo
Anonymous · 7 months ago
So the policeman and judge are happy.
citizen ......much worried · 7 months ago
yeah kunzima

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