Neville Mutsvangwa Arrested: More Details Emerge
In a surprising turn of events, Neville Mutsvangwa, the son of Zanu-PF spokesperson Christopher Mutsvangwa and Women’s Affairs Minister Monica Mutsvangwa, has been arrested as authorities intensify efforts to crack down on illegal money changers.
Neville Mutsvangwa was arrested by officers from the Zimbabwe Republic Police (ZRP) Criminal Investigation Department (CID) during a dramatic raid at his home in Mt. Pleasant on Wednesday afternoon.
Also read: “ED Was Furious”: ZANU-PF Insiders Reveal Why President Mnangagwa Fired Chris Mutsvangwa
Sources Confirm Neville Mutsvangwa’s Arrest for Illegal Currency Trading
While the police have not officially confirmed Neville Mutsvangwa’s arrest at this time, a reliable source within the police has confirmed that he was indeed taken into custody for engaging in illegal foreign currency trading.
“Neville Mutsvangwa has just been arrested today at his Mt Pleasant home for illegally trading in foreign currency,” a source within the police told NewZimbabwe.com
Prior to his arrest, Neville posted the number 18.25 enclosed in double brackets on his WhatsApp status, which some interpret as indicating the black market ZiG exchange rate.
It is important to note that this incident marks not the first time Neville Mutsvangwa has faced legal scrutiny for involvement in illegal foreign currency trading.
Also read: Mutsvangwa’s son hits back after being named and shamed on Zim’s most corrupt people list
Previous Run-ins with the Law: 2019 Incident
In May 2019, four police detectives were arrested for under-declaring the amount of money seized during a raid on Neville’s illegal foreign currency trading business.
The detectives raided number 3 Sanfenand Flats on Fife Avenue in Harare, the offices of Neville Mutsvangwa, and found US$200,000 in cash.
During the raid, which took place at Neville’s office at number 3 Sanfenand Flats on Fife Avenue in Harare, the detectives discovered US$200,000 in cash. Although Neville was not present at the time, his associates Darlington Ndaba Chiwara and Henry Abrahams were arrested on charges of illegally dealing in foreign exchange.
Investigations revealed that the officers, after being allegedly bribed by Chiwara and Abrahams, conspired to seize only US$40,000 of the money. This amount was further reduced to US$20,000 when it was declared at the police station.
Also read: Drama As 4 Detectives Arrested After Raiding Minister’s Son’s Illegal Forex Trading Business
Stringent Laws and Penalties
Under the stringent laws implemented by President Emmerson Mnangagwa in 2018, unlicensed foreign currency traders can face severe penalties, including up to 10 years of imprisonment upon conviction, as well as forfeiture of their money and assets.
Follow Us on Google News for Immediate Updates
The post Chris Mutsvangwa’s Son Neville Mutsvangwa Arrested: More Details Emerge appeared first on iHarare News.
Zim Instantly via Simplex Solutions