Ozias Bvute in court on forex charges
Zimbabwe Cricket's managing director Ozias Bvute appeared in court on Wednesday to face charges of contravening the country's Draconian foreign currency exchange regulations
Steven Price
01-Dec-2006
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The pro-government Daily Mirror reported that Bvute was charged in his personal capacity for exchange-control anomalies. The newspaper claimed Bvute illegally made payments of nearly US$1.5 million outside Zimbabwe. The payments included university tuition for three ZC scholarship players, including Hamilton Masakadza, who was at the Free State University in South Africa.
The other charges against Bvute include authorising commission payments from monies obtained from television rights, to UK based marketing agent, Octagon CSI.
In all instances, the paper reports, the Zimbabwe board and Bvute did not approach the country's central bank for approval.
He is set to return to Harare Magistrates Court on December 4 for further trial.