Uncategorized
Businessman caught in $200m money-laundering scam
Desmond Chingarande ·
A ZIMBABWEAN businessman based in South Africa has been arrested on money-laundering charges involving $200 million.
The suspect, Bornface Mudzingwa (36), was yesterday arraigned before Harare magistrate Stanford Mambanje, who remanded him to today for bail ruling.
Mudzingwa owns Linsa Investments, which is registered in Zimbabwe and deals with capital investments and money markets.
This story is for NewsDay subscribers.