RBZ maintains clip on Tagwirei

By Staff Reporter

THE Reserve Bank of Zimbabwe (RBZ) has maintained its freeze on under-fire oil mogul Kudakwashe Tagwirei’s Takunda Holdings and sister companies’ accounts remains in place.

The central bank last Friday announced a freeze on the accounts belonging to the oil dealer, together with associated firms; Access Finance, Spartan Security and Croco Motors.

According to the RBZ, this was to allow its Financial Intelligence Unit to “analyse” the accounts.

In a statement Wednesday, the RBZ dismissed social media claims it has lifted the embargo, insisting it was still in the process of analysing the accounts.

“We advise that the accounts of the entities named in the directive remain frozen, pending finalisation of our analysis.

“We will communicate to relevant stakeholders through appropriate channels when the process has been concluded,” said Mirirai Chiremba, director general of the RBZ Financial Intelligence Unit.

Tagwirei, a top ally of President Emmerson Mnangagwa and Vice President Constantino Chiwenga, has been linked to illegal foreign currency dealings in the country.

The freeze on his accounts coincided with a sharp rise in the parallel market exchange rates with the local RTGS dollar amid claims he had a hand in the spiralling rates.

The rates went up to US$1:$25, from previous averages of US$1:$14.

Tagwirei has not responded to the developments.



Staff Reporter

The author Staff Reporter