The state media reports that the Zimbabwe Republic police has arrested 478 forex dealers. Systematic arrests of forex dealers began after a new law was put into effect in September 2017 – Statutory Instrument 122A of 2017, Exchange Control (Amendment) Regulations, 2017 (No. 5). The arrests intensified at the end of November this year.
Of the 478, 209 were arrested in Bulawayo, 65 in Harare and the rest in other parts of the country.
Police spokesperson Charity Charamba said:”Thirty cases were sent to court and five were convicted. The rest are still pending. People should refrain from engaging in these illicit dealing.”
The report did not mention the period the arrests were made.