Eight financial services firms are before the courts for dishing out over $1 billion onto the streets to buy foreign currency while 30 individuals were named and shamed for promoting and facilitating illegal foreign currency dealings and money laundering.
The individuals have been barred from operating any accounts for two years.
More than 1 600 bids were approved at the auction today with 1180 being in the small and medium enterprise sector and 428 in the main sector.
A total of US$41.1 million was allotted, just over US$3 million less than the bidders had applied for.
Offers ranged from $85 to $97.20.
(294 VIEWS)
Four of the world’s largest banks are all in China. Assets of the Industrial and…
Zimbabwe is one of the 27 countries in the world where the richest 0.1% of…
Zimbabwe has been ranked third among the least free countries in Southern Africa but it…
I had always considered it a curse for a wife to die before her husband.…
This is a true story about the challenges and loneliness I faced when my wife…
My first long-form article in booklet form: Why I had a girlfriend two months after…
