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RBZ says ED’s ally accounts remain frozen

The Reserve Bank of Zimbabwe (RBZ) has dismissed reports that went viral on both traditional and social media that it had unfrozen the four accounts it had frozen.

The central bank ordered all banks last week to suspend the accounts belonging to one of President Mnangagwa closest ally, namely Sakunda Holdings owned by Kudakwashe Tagwirei, Croco Motors, Access Finance and Spartan Security.

In a statement the RBZ said, “We make reference to a letter from the Financial Intelligence Unit, dated 19th of September 2019,directing banks to t freeze bank accounts of a number of named business entities, which became the subject of widespread interest and reportage in both formal and social media,”

“We have become aware of subsequent false social media reports suggesting that a directive has since been issued unfreezing some or all the said accounts,”

The Spartan Security is reportedly linked to the Mnangagwa family through one of his sons.

It is believed that the four company’s accounts were suspended following the shooting up of the black market exchange rate.

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About Tania Olgar Satikono

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