By Bustop TV Reporter
The Zimababwe Republic Police CID forefeiture Unit has issued a search & seizure warrant at telecommunications giant, Econet main offices in Msasa, Harare.
Econet Wireless is accused of money laundering.
In the police’s search warrant, State has demanded all the names of customers who subscribed with the network operator since January the 2nd 2020 to the 30th of June 2020.
WARRANT OF SEARCH AND SEIZURE issued In terms of Section 49 (b) and 50(1) (a) of the Criminal Procedure and Evidence Act (Chapter 9 07) as read with section 288 of the said Act …. there are reasonable grounds for believing that ECONET WIRELESS (PVT) LIMITED is in possession or control of documents information or records which are required in order to afford evidence in a criminal docket and that are necessary for the purpose of investigating or detecting a case of Money Laundering as defined in section 8(1)(a) of the Money Laundering and Proceeds of crime Act chapter 9.24: to examine the documents and records and make extracts from and copies of all such documents and records” reads the warrant.
The State further demanded that Econet should surrender all it’s financial transaction records.
“ECONET WIRELESS (PTV) LIMITED should within 7 working days provide the following , (1) list of all subscribers/customers both registered and unregistered in the Econet Wireless (Pvt) Ltd database with full subscriber details for the period 2 January 2020 to 30 June 2020”.
Summary of transient e-money/airtime credit service posted on the platform through airtime loans for the period 2 January 2020 to 30 June 2020.
“All financial statements for the period 2 January 2020 to 30 June 2020 showing the entire inflow and outflow monetary transactions.
These are, therefore, in the State’s name to command you to proceed to ECONET WIRELESS ZIMBABWE therefrom immediately obtain and take into your custody the above-mentioned documents, records. or information take them to a police station or other place of safety until the matter is finalized or until you further receive further orders from Court.”
The search warrant was issued by a magistrate granting police permission to search the telecommunications giant’s premises and retrieve the data in question.
The government has also accused Old Mutual of fueling the blackmarket thus delisting it from the Zimbabwe Stock Exchange.
