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Home Crime and Courts

Forex Crackdown: Govt target big fish involved in money laundering

April 23, 2024
0
Ruwa family robbed by disguised  ‘Telone’ employees

IN every country, there comes a time when that nation should make the big call and declare that ENOUGH IS ENOUGH.

For us, that time has come when it comes to the foreign currency manipulators who have been playing a leading role in the destruction of our economy.

These are the men and women who have been making a living as foreign currency dealers who wake up every day, take a bath and go fishing for all foreign currencies in exchange for the local currency.

There are some big fish in that pond, those who are behind the scenes and who send their runners, the men and women we see on the streets, doing foreign currency deals.

We are told that some of the biggest fish are prominent businessmen and leading business executives who choose to remain in the shadows while the men and women, whom we see on the streets, do the running for them.

Many of them are known but it appears, as a nation, we have given them the freedom of Zimbabwe to do as they please while they are destroying our economy for their selfish gains.

The pain is felt by the ordinary man and woman who is battling every day, leading an honest life where they work hard for little in return and, at the end of the month, find the value of their salaries being determined by someone who spent the 30 days sitting in his car and manipulating the system.

These are the ordinary men and women who, when they go into the shop to buy something for their families, suddenly find the prices have skyrocketed simply because some people, sitting somewhere, are determining the exchange rate for their selfish gain.

The last time the Reserve Bank of Zimbabwe went on a blitz against these economic saboteurs, we saw their names and companies being published in the mainstream media in a name-and-shame exercise.

We thought that this crackdown would bear fruit and we all got very excited.

We thought this was going to be followed by arrests, especially of those heavyweights whose names we saw being shamed but our excitement was followed by disappointment.

Those people just continued, as if nothing had happened and, as if to mock the system, they even appeared to double or even triple their efforts to destabilise the economy with their criminal activities.

Hopefully, this new crackdown by the authorities, which saw scores of foreign currency dealers being rounded up last week, will bear fruit and will not be the last one where nothing happened.

We are happy that those who were rounded up were denied bail and that sent a very good statement that, as a country, we are now getting serious in terms of taming this monster.

But, we believe that the authorities should also take on the big fishes who are in the shadows because they are the real enemies of our economy and our country.

State media

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