Police in Zimbabwe have arrested a foreign national in connection with an alleged US$1.5 million mining investment fraud, as authorities intensify efforts to curb financial crimes and illegal mineral activities in the sector.
According to a press statement issued by the Zimbabwe Republic Police, the suspect is linked to a case involving fraud and the externalisation of funds in which another foreign investor was allegedly duped of US$1.5 million in a mining investment deal.
The suspect was arrested on 14 March 2026 at the Norton Tollgate while travelling in a black Lexus SUV with three other individuals. During a search of the vehicle, police reportedly recovered prepared dagga, leading to an additional charge of unlawful possession.
Authorities later searched the suspect’s residence in Borrowdale, an affluent suburb of Harare. The operation resulted in the recovery of approximately 10 grammes of suspected gold nuggets.
Police indicated that investigations are ongoing to determine whether the suspect possessed the necessary permit for holding the recovered gold.
The Zimbabwe Republic Police urged members of the public, particularly investors, to exercise caution when entering into mining transactions.
“Investors are encouraged to conduct thorough due diligence and verify ownership of mining claims with the relevant authorities before committing funds,” the police said in the statement.
