A Harare magistrate has found Vision Credit Source (Pvt) Limited guilty of engaging in illicit foreign exchange trading and sentenced the company to a $5 million punishment.
If company doesn’t pay the penalties, Vision Credit Source also runs the possibility of losing its property.
The firm was sentenced by Harare Regional Judge Mr. Taurai Manwere, who noted that the firm’s transactions created substantial economic difficulties given that the amount it transacted on the black market was unknown.
In addition, Mr. Manwere claimed that Vision Credit Source had failed to demonstrate that a lack of foreign currency on the official market led to its illegal trading on the parallel market
