Chinese Businesswoman Arrested on Allegations of Illegally Importing Cyanide
By Staff Reporter
Controversial Chinese businesswoman Li Song is set to make an appearance in court following the issuance of a summons to the Harare Magistrates Court.
This summons arises from allegations of theft and externalisation of foreign currency which have surfaced due to reports indicating that she transferred significant sums of money into her offshore accounts.
According to a subpoena for a witness viewed by ZimReview, Li Song is due to appear in court on May 21 this year.
It is alleged that Li Song transferred millions of United States dollars into her Jacaranda Consultancy Pvt Ltd accounts in Mauritius.
Recently, this publication reported that Francisco Marconati, a local businessman, who uncovered a well-organized syndicate involved in externalizing foreign currency through the Reserve Bank of Zimbabwe, has sought protection from the High Court, as his life is now at risk.
Marconati and Li Song are former business partners.
Marconati applied for a declaratory relief following his arrest more than five times after he laid charges of externalisation of foreign currency by Li Song.
In his application, Marconati argued that his rights were being infringed upon after revealing the criminal syndicate and requested the court to recognize his rights and interests resulting from whistleblowing.
“Sometime in 2021, I discovered that the companies, at first Eagle Italian Shoes (Pvt) Ltd and Eagle Italian Leather (Pvt) Ltd, had been abused by one of the directors, Li Song, who was involved in illicit transactions and was involved in bidding for forex as if on behalf of the company yet it was only for her personal benefit. The company lost huge sums of money in the process,” Marconati submitted.
After reporting the case to the police, he discovered that Li was also utilizing other affiliate companies to facilitate illicit transactions, forging invoices, and bidding on the foreign currency auction system for raw materials that were never purchased or delivered to Zimbabwe.
The matter is still pending at the High Court.
