Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya has with immediate effect indefinitely suspended four directors to pave way for investigations over allegations of illicit financial deals.

In a statement, Dr Mangudya said the central bank has found it necessary to suspend Mirirayi Chiremba, Norman Mataruka, Gresham Muradzikwa and Azvinandawa Saburi following allegations of impropriety levelled against the newly appointed Ministry of Finance Communications Taskforce Chairman, Acie Lumumba yesterday.

“The bank has found it necessary, for the sake of transparency and good corporate governance, that allegations be followed through and investigated in line with the bank’s Employment Code of Conduct. The quartet is suspended for an indefinite period to pave way for the investigations. Once the investigations have been concluded, the public shall be advised of the outcome and the appropriate action to be taken by the outcome of the investigations,” said Dr Mangudya.

In a Facebook live video on Sunday, Lumumba accused the four RBZ officials of running a cartel at the central bank, but absolved the Governor of any wrongdoing.

Lumumba also said even though the four are not allowed to sit on any company boards, they were however on the board of a company that buys gold from Fidelity Printers and Refiners and manufacture jewellery for export.