HARARE, Mar. 24 (NewsDay Live) – A Harare-based administrator has appeared in court over alleged exchange control violations involving more than US$4 million.
Maud Patricia Liddell (76) was granted US$500 bail by magistrate Ruth Moyo and remanded to April 24 for routine remand.
Prosecutors allege that between March and May 2025, Liddell sold a Westend Properties stand in Salisbury Township measuring 2 975 square metres for US$4.3 million.
She allegedly externalised US$4 085 000 from the proceeds without approval from the Reserve Bank of Zimbabwe.
The court heard that CID Asset Forfeiture Unit detectives acted on a tip-off before arresting Liddell on March 21, 2026.
She is also facing a separate count of money laundering, with allegations that she concealed the source and movement of the funds.
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The State says no money has been recovered, with total prejudice standing at US$4 085 000.