BusinessNews

Govt blacklists 13 companies to restore market discipline, accused of being ‘popes’ of dirty forex deals

Harare- FINANCE minister Mthuli Ncube has embargoed 13 companies from supplying government after investigations unearthed illegal forex dealings,Express Mail Zim can report.

This was revealed in a a statement Monday where Ncube said the Financial Intelligence Unit (FIU) identified the companies in question for unlawful conduct.

” A total of 13 companies have been identified by the FIU as being involved in this unlawful conduct.

” Having monitored various financial transactions with view to plug parallel market dealings, the FIU has observed that these companies are siphoning their proceeds to the black market ,thus, triggering domestic inflationary pressures,” said Ncube in a statement.

He added that government was committed to maintain price stability and engendering market confidence.

The list of the blacklisted companies is as follows;

Casha Designs Pvt Ltd.
Re-net Technology Pvt Ltd.
Malfran Investments Pvt Ltd.
Difflock Construction Pvt Ltd.
Staman Investments Pvt Ltd.
Guide Marketing Pvt Ltd.
Nodship Investments Pvt Ltd.
Infinity Hire Pvt Ltd.
Nomalanga Marketing Pvt Ltd.
Gif Mwayera t/a Mwayera Transport Pvt Ltd.
Mukot Haulage and Buses Pvt Ltd.
Ofixmore Marketing Pvt Ltd.
Blecia Investments

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