By A Correspondent- The Zimbabwe Anti Corruption Commission has started investigations into reports alleging that Econet’s Ecocash agents are manipulating the cash ecosystem through selling cash to citizens at prohibiting prices.

Said the ZACC in a statement:

“We are concerned about the volumes of isolated of reports we have received in connection @EcoCashZW agents manulating the cash ecosystem to their unfair advantage by selling cash & at prohibiting rates. We are aware that this practice is enabled and supported at a systematic level.

An investigation has been opened which must determine and charge the real perpetrators behind this rot. We hope that @econetzimbabwe and @ReserveBankZIM will also look into this seriously to bring an urgent and lasting solution.

We believe that in order to effectively fight corruption, all avenues that promote corruption regardless of size must be shut with urgency and we look forward to work with all stakeholders in such scenarios to actively close these pilferage opportunities.”