Published: 4 hours ago

A 52-year-old Chinese national has appeared in court in Harare facing allegations of illegally transferring US$880,000 to China without authorisation from the Reserve Bank of Zimbabwe (RBZ).

Sun Limin, who operates a business in Graniteside, Harare, was charged with contravening the Exchange Control Act [Chapter 22:05] and the Money Laundering and Proceeds of Crime Act [Chapter 9:24]. She was granted US$500 bail and ordered to report to the police every Friday until the case is finalised.

According to the State, Limin allegedly moved the funds to China between January 2024 and January 2025 without the necessary RBZ approval. It is further alleged that she concealed the true nature and source of the funds, which authorities suspect to be proceeds of crime.

Prosecutors say the illegal transfers came to light following investigations into her business transactions. They claim to have secured witness testimonies from clearing agents, as well as documents showing that goods had been imported from China via Forbes Border Post under bills of entry.

Limin was arrested at her business premises located at 19 Basma, Graniteside. The State contends that the transactions were structured to disguise the origins of the funds and evade exchange control regulations.

The matter has been remanded pending further investigations and trial.
- newzimbabwe

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