Neville Mutsvangwa, the son of Women’s Affairs Minister Monica Mutsvangwa and Zanu-PF spokesperson Christopher Mutsvangwa, was not granted bail and is scheduled to appear in court on May 30 for a standard remand.
Mutsvangwa is accused of money laundering and violating the Telecommunications Act II after being detained for engaging in illicit foreign exchange trading.
Following a dramatic raid by the Zimbabwe Republic Police (ZRP) Criminal Investigation Department (CID), he was taken into custody at his Mount Pleasant house.
In another story: NEVILLE Mutsvangwa is detained in remand prison over the weekend. He is scheduled to return to court today to continue his bail application.
Mutsvangwa, Ellis Majachani, and Simbarashe Tichingana are also accused of money laundering and foreign exchange trading.
He is additionally accused of breaking the Telecommunications Act.
Dennis Mangosi, the Harare magistrate, saw the three on Friday; however, he postponed the case until today because of time restrictions.
Prosecutor Thomas Chanakira opposed the three’s release on bond during their initial court appearance, claiming that they were being charged with severe crimes like money laundering, for which there is a strict legal penalty that might result in both jail time and a hefty fine if found guilty.
He claimed that because Mutsvangwa had a history of running away from police raids on his residence, he posed a flight risk.
Chanakira testified in court that the cops had to use force to get access after being refused admittance.
They went looking for Mutsvangwa, who they say was eventually discovered hiding in the backyard between a stack of bags and a precast wall.
The State contended that by hiding from the police, he demonstrated his refusal to stand trial and that granting him bail could harm the State’s case.
The State claims that the three individuals established Mumba Money Transfer services without a license between January 1, 2019, and May 8, 2024, in contravention of the Exchange Control Act and the Bank Use Promotion and Suppression of Money Laundering Act.
They directed clients to their offices in Harare through online advertisements.
