Harare – The Reserve Bank of Zimbabwe (RBZ) has issued a further directive to local banks to freeze accounts of five more companies in line with the recent probe into allegations of money laundering believed by some sources as related to parallel market dealings.
The Financial Intelligent Unit (FIU) at the Central Bank directed all Banks to close accounts belonging to Bill Height Investments Private Limited, Landela Investments, Rimosa Trading Private Limited, Fossil Agro (Pvt) Ltd and Traverze Travel (Pvt) Ltd.
Last week the FIU directed Banks to freeze accounts of four large companies that include fuel dealer Sakunda Holdings, car dealership Croco Motors, money market company Access Finance and Spartan Security.
The exchange rate initially tumbled following the directive from about US$1 = ZWL$24 to an average of US$1 = ZWL$15.
However, the rate has once again started surging while rumours are circulating that the RBZ has since directed banks to unfreeze the accounts, allegations that the central bank has denied.
“We advise that the accounts of the entities named in the directive remain frozen pending finalisation of our analyses,” the FIU said in a statement.
“We will communicate to relevant stakeholders through appropriate channels when the process has been concluded.”
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