Why Neville Mutsvangwa Was Arrest Unveiled Amid Mother’s Claims of Innocence
The National Prosecuting Authority (NPA) has shed light on the reasons behind the arrest of Neville Mutsvangwa. This comes after his mother and Women’s Affairs Minister Monica Mutsvangwa ostensibly claimed he was arrested on false charges as revealed in a leaked audio.
Mutsvangwa along with his co-accused Elias Majachani (45) and Simbarashe Tichingana (38) made their initial appearance at the Harare Magistrates Court and will spend the weekend behind bars.
Mutsvangwa was remanded in custody to Monday for a bail hearing. He is charged with money laundering and illegal dealing in cash.
In a statement on Friday, the NPA clarified that Neville Mutsvangwa was arrested for contravening section 5(1)(a)(ii) of the Exchange Control Act [Chapter 22:05] as read with section 4(1)(a)(1) of the Exchange Control Regulations SI 109 of 1996 “Dealing in foreign currency”. Additionally, he faces one count of breaching the Bank Use Promotion and Suppression of Money Laundering Act and another count of contravening the Money Laundering and Proceeds of Crime Act.
Mutsvangwa and his co-accused established Mumba Money Transfer services around January 1, 2019, without the required license, contravening the Bank Use Promotion and Suppression of Money Laundering Act and the Exchange Control Act.
The accused individuals reportedly advertised their services online, directing potential clients to their offices in Harare. To carry out their illicit transactions, they employed a combination of electronic funds transfers and physical cash, utilising foreign bank accounts to conceal their activities.
Mutsvangwa and his co-accused were arrested by the police on May 8, 2024, during which authorities seized 4 smartphones, 45 sim cards, 4 computers, 1 point of sale (POS) machine, 28 debit cards (including 15 VISA cards issued by foreign banks), 3 money counters, and a register documenting transactions, along with USD3890 in cash.
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The post Shocking Truth Behind Neville Mutsvangwa’s Arrest Unveiled Amid Mother’s Claims of Innocence appeared first on iHarare News.
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