By Nigel Pfunde
Harare- FLAMBOYANT city businessman Grant Chitate has landed in hot water over allegations of illegally moving a staggering US$7.6 million out of Zimbabwe without clearance from the apex bank.
Chitate this week appeared in court facing charges of violating the Exchange Control Act and Exchange Control Regulations.
The State’s case is that between 2019 and 2024, Chitate orchestrated a series of foreign currency transactions without obtaining the necessary approvals from the Reserve Bank of Zimbabwe (RBZ).
He was granted US$1000 bail and is expected back in court on September 2.
Chitate is no stranger to controversy having been linked to a tainted company Probadek Investments which has had several legal battles including fighting for control of Redwing Mine in Penhalonga where he wanted to wrestle Scott Sakupwanya but lost at the High Court.
