TWO alleged illegal forex traders arrested in Plumtree last week appeared in court Monday charged with contravening provisions of the Exchange Control Act.Magistrate Joshua Nembaware remanded them in custody to May 8.They are Alton Phiri ( 24) and Tonderai Katsito(24).Prosecutor Roben Mukura told the court that on April 23 this year, Phiri was found canvassing for clients close to the main entry gate at the border post.He was allegedly found selling US$510, 5 536 Pula as well R1 600 cash without clearance from the Reserve Bank of Zimbabwe.His co-accused Katsito was allegedly caught committing the same crime from his car.Police raided the vehicle and allegedly recovered US$45 and 13 240 Pula.Several foreign currency dealers have been nabbed in the past few weeks in a countrywide operation to end the vice.
