CHINESE BUSINESSWOMAN BUSTED FOR US$880K SHADY CASH TRANSFER, Illicit fortune zipped to China, cops say

B-Metro Reporter

A CHINESE businesswoman was arrested after allegedly spiriting nearly a million US dollars out of Zimbabwe without Reserve Bank approval.

Sun Limin (52) was arrested on 31 July at her business premises in Graniteside, Harare, after investigators uncovered a series of suspicious transactions amounting to US$880 000.

According to the National Prosecuting Authority of Zimbabwe (NPAZ), Limin allegedly flouted the Exchange Control Act by wiring the funds to China between January and July this year without proper authorisation.

Under the Money Laundering and Proceeds of Crime Act, she’s also accused of trying to hide the true source and purpose of the money — which authorities believe could be proceeds of crime.
“Investigations have confirmed bills of entry for the goods imported from China via Forbes Border Post, witness testimonies from clearing agents and documents proving transactions,” said the NPAZ.

The suspect was hauled before the courts and granted US$500 bail. She must surrender her passport, report to the police every Friday and stay far away from witnesses.

Authorities say this case shows Zimbabwe is clamping down hard on money laundering and illegal cross-border cash deals.

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