A LEBANESE gold trader was last week hauled before the courts after his company – Bettleft Entreprises – contravened the Gold Trade Act by possessing unregistered gold.
Mahdi Akil (26) pleaded guilty to the charges he was facing when he appeared before Mutare magistrate, Ms Perseverance Makala.
He was being charged with contravening Section 3 as read with Section 9 of the Gold Trade Act Chapter 21: 03 otherwise known as the possession of gold not shown in register or permit holder.
Akil was represented by Mr Chris Ndlovu of Gonese and Ndlovu Legal Practitioners.
The State led by Mr Fletcher Karombe told the court that on June 8, police detectives from Minerals and Border Control Unit were on patrol checking on legal gold dealers for compliance with the Gold Trade Act.
The detectives discovered that the 334grams of gold that Akil produced were not on registers.
Bettleft Enterprises was ordered to fork out $400 in fines or Akil risk 30 days imprisonment.