HomeNewsPair in court for externalising more than $7 million

Pair in court for externalising more than $7 million



Ryan Gregory Joseph (33) and Delny Deanna Ashley Davies (41) appeared at the Harare Magistrates’ Court facing allegations of contravening the Exchange Control Act after allegedly externalising more than $7 million.

The two, who reside at 23 Kentmere Road, Bulawayo, appeared before magistrate, Josephine Sande, who remanded them to November 8 after granting Joseph $1 000 and Davies $2 500 bail.

They were represented by Admire Rubaya.

It is the State’s case that in between January 1 and April 13 this year, Joseph opened a foreign currency bank account at Stanbic Bank in Botswana.

Joseph allegedly externalised $331 700 to Botswana in his personal capacity without approval from the Reserve Bank of Zimbabwe.

Davies allegedly opened a Stanbic Bank account in South Africa and deposited R5 001 000. She also allegedly externalised 39 500 euros and $6 816 516.

Sebastian Mutizirwa appeared for the State.

Recent Posts

Stories you will enjoy

Recommended reading