Zvikomborero Parafini, Court Reporter
Reserve Bank of Zimbabwe Director of Financial Intelligence Unit Mirirai Chiremba who is facing money laundering charges was yesterday removed from remand and the State was ordered to proceed by way of summons.
Chiremba made the application before Harare magistrate Rumbidzai Mugwagwa on the basis that the State’s house was not in order and they were not ready to commence trial as investigations are still ongoing.
The State led by Zivanai Macharaga conceded to the application on condition that Chiremba will avail himself as soon as his legal practitioners receive summons.
Chiremba had been released on $6000.
His bail was coupled with stringent conditions such as reporting three times a week at CID commercial crimes division and surrendering the tittle deeds to his house in New Marlborough which were also cancelled.
Chiremba is alleged to have raised the daily withdrawal limit of a company he had interests in without following due diligence.
Allegations are that on October 13, last year, Suzan General Trading opened an NMB account at the Borrowdale Branch which was meant to facilitate payments by Fidelity Printers and Refiners for gold delivered by Suzan and at the time, the corporate withdrawal limit was $10 000 per day.
On October 27, Suzan through one of its signatories, Shah Saumilkumar filed an application to NMB requesting for the withdrawal limit to be raised to $30 000 and the bank carried out reviews of the application before transferring it to the RBZ financial unit for processing.
Chiremba approved the application on November 3 and on February 23, Suzan successfully applied for their daily limit to be increased to US$95 000 due to business expansion.
Suzan tendered another application for the limit to be raised to US $195 000 on August 3 which Chiremba allegedly approved before it was processed by the RBZ Financial Intelligence Unit.