Dancken
Mwinde,
of
Entumbane
suburb,
pleaded
guilty
to
contravening
the
Exchange
Control
Regulations
Act
when
he
appeared
before
Western
Commonage
magistrate
Jeconia
Prince
Ncube.
He
has
until
5
June
to
pay
the
fine.
Prosecutor
Tafara
Dzimbanhete
told
the
court
that
on
27
April,
at
around
2
pm,
detectives
conducting
an
operation
codenamed
“Iron
Net”
at
Entumbane
Shopping
Complex
saw
Mwinde
carrying
out
suspected
illegal
forex
transactions.
Officers
approached
him
and
found
a
POSB
point-of-sale
machine,
POS
slips,
a
Samsung
Galaxy
phone,
US$78
and
R643
in
cash.
The
court
heard
that
Mwinde
had
been
using
the
POS
machine
and
his
mobile
phone
to
exchange
US
dollars
for
ZiG
on
behalf
of
clients
without
the
necessary
authorisation.
When
questioned,
he
could
not
produce
a
valid
licence
permitting
him
to
deal
in
foreign
currency
and
was
arrested
on
the
spot.