VP Mphoko externalising forex – RBZ boss told

Vice President Phelekezela Mphoko has been fingered as one of the leading culprits who are externalising foreign currency.

Phelekezela_MphokoThe allegations which have far reaching implications on Mphoko where made by Chairman of the Parliamentary Portfolio Committee on Finance and Economic Development Terrence Mukupe before Reserve Bank of Zimbabwe governor John Mangudya in parliament.He singled out Choppies Supermarket group which has more than 20 outlets countrywide.

Mphoko has a huge controlling share in the outlets and his son Siqokoqela is Choppies Zimbabwe director.

“What are you doing to companies like Choppies that are taking out cash outside the country to South Africa and Botswana and buy goods in rands, bring them in and loot money?” asked Mukupe.

Mangudya said: “You are very brave to mention names”.

Post published in: Business
  1. Dzobo. ...Awuu!!!

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