RBZ crackdown nets 21 black market kingpins

A PROBE into forex auction system violations has netted 21 firms that have been dabbling in parallel market activities or abetting back stage dealings in the past month, the central bank said yesterday, indicating that several companies had been blacklisted.

However, the bank did not name the under fire firms.

Central bank chief John Mangudya said investigations by the Financial Intelligence Unit (FIU) continue to expose serious delinquency at the forex auction system since the first 18 “outliers” were named on June 15.

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