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*Sakunda Holdings, Access Finance, Croco Motors and Spartan Securities Were Pouring $1 Billion Into The Black Market To Mop Up The US - Report* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?lg As the currency situation deteriorated last week, the RBZ reportedly froze accounts belonging to Sakunda Holdings, Access Finance, Croco Motors and Spartan Securities. According to The Standard, the decision to freeze these accounts initially came on Wednesday after the Financial Intelligence Unit reportedly picked information that the companies identified were the ones pouring in over $1 Billion into the black market to mop up the USD. Sakunda is allegedly owned by the president’s ally Kuda Tagwireyi while Spartan is reportedly owned by Mnangagwa’s nephew Tarisai Mnangagwa. RBZ Sources that spoke to the publication said: ---------- Latest itel S24 available on Pindula: 128GB storage $119 USD WhatsApp +263783450793 ---------- > A memo was drafted and sent to the Presidents’ Office for approval. It detailed security risks that the country faced if the exchange rate was not dealt with. It stated that President Emmerson Mnangagwa’s administration could be in trouble as the exchange rate movement was now causing havoc in the economy. > An emergency meeting was held by the FIU team to look into the situation amid fears that by Friday, runners for these firms were vowing to take the rate to US$1: Z$30. A decision had to me made instantly and two options were available: either to use the Zanu PF youth league deputy secretary Lewis Matutu to name and shame those behind the ‘heinous act’ or to instruct a freeze of their accounts. > The president was made aware of the decision considering that two of his close allies were involved, Tagwirei and Tarisai Mnangagwa (Spartan Securities), a nephew, as well as a member of his close security He did not object, especially after being told that if the matter was not dealt with urgently, it could cause an uproar. He said ‘as long as it was in the national interest, it must be done. The rate tumbled to US$1: Z$15 on Friday night after a rumour went out that those accounts had been frozen. According to The Standard, The money being bought by these guys’ runners was supposed to be used to buy command agriculture inputs and flashy cars for ministers. The RBZ order to freeze these accounts has since been lifted according to the Standard but the information is not verified. More: The Standard itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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