Tariro Masiwa Musekiwa, a well-known entrepreneur and director of Chrisha Boutique, was released on US$300 bail by the regional court on Wednesday after facing allegations of conducting illegal foreign currency operations.
Musekiwa is charged with two counts under the Exchange Control Act, with authorities accusing her of facilitating unauthorized foreign exchange transactions amounting to US$371,626 without approval from the Reserve Bank of Zimbabwe (RBZ).
Prosecutor Rufaro Chonzi presented the case, stating that between March and August 2025, Musekiwa ran an unlicensed money transfer service, focusing primarily on clients in the textile retail industry.
The prosecution claims Musekiwa collected hard currency from various local clothing retailers, pooled the funds, and used them to procure textile merchandise from Türkiye on their behalf—actions that, according to the State, amount to operating a financial service without proper RBZ authorization.
On August 28, 2025, police acting on a tip-off raided the premises of Chrisha Boutique. During the search, Musekiwa was reportedly unable to produce any documentation showing approval from the central bank for the alleged operations.
Officers seized receipt books that allegedly recorded transactions worth US$187,813.99, although no physical cash was recovered at the scene.
Musekiwa is also facing a second charge linked to a similar suspected operation at another boutique. During the investigation, police arrested Simbarashe Daniel Dzimba, who was reportedly connected to this second outlet. Dzimba identified Musekiwa as the person overseeing the operation.
Investigators confiscated additional receipt books reflecting unauthorized transactions totaling US$183,813.99, again with no physical cash recovered.
The court has adjourned the matter, and Musekiwa is currently out on bail awaiting trial.
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