By A Correspondent- Econet has issued a warning to its agents who are overcharging customers when doing cash out transactions saying that any person caught engaging in illegal Ecocash transactions with agent lines will be brought to book.

Said Econet in a statement:

“Do not he caught charging customers extra cash out or be involved in illegal conduct using the Ecocash agent lines. It is prohibited and will result in the revocation of the Ecocash agency license as well as heavy penalties in line with the applicable laws on money laundering.”

This development comes as a result of Ecocash agents, shop owners and money changers placing a high rate on people doing cash out which is charged at 35% on notes and 25% on coins.

Last week, Zanu Pf youth leader Lewis Matutu warned Econet and Ecocash to stop abusing the Ecocash facility.

Said Matutu in a tweet:

“ Please stop what you are doing to our economy through the abuse of your Ecocash facility.”