Zimbabwe court bars money laundering probe of Econet - Vanguard News

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Zimbabwe court bars money laundering probe of Econet - Vanguard News
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Zimbabwe court bars money laundering probe of Econet ===== Zimbabwean Police issued the warrant last week as part of an investigation into suspected money laundering by the operator.

Zimbabwe’s High Court on Wednesday ruled in favour of the country’s top telecoms operator Econet Wireless and revoked a search warrant issued by the police over allegations of money laundering, the company spokesperson said.

Investigators wanted Econet to disclose the details of its more than 10 million subscribers and records of all transactions conducted within the first half of 2020. “I can confirm the development but will be able to comment on it after receiving full judgement,” Mandiveyi told AFP. The services continued for daily individual transactions but were capped for commercial transactions.

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