According to foreign media reports, Mazowe North MP Campion Mugweni (ZANU-PF) is suspected of engaging in illegal foreign exchange transactions in cooperation with some officials of the Ministry of Finance.
In a leaked audio recording, Mr Mugweni said he charged 4 per cent interest on the transactions to cover costs, including a fee paid to the Reserve Bank of Zimbabwe's Treasury team.
"If you want $10,000 but you have RTGS (Real Time Gross Settlement System), if that's what you want, fine, but I'll add a markup on the percentage." I will raise the price by 4 percentage points because of the cost involved and my people at the Treasury will push the deal." Mugweni was speaking to a representative of the Reserve Bank of Zimbabwe in the audio.
Mugweni has been at the centre of a storm in his constituency, with senior ZanU-PF officials condemning him for disappearing from his constituency only to return to run for re-election.
Mugweni has even been nicknamed the "missing MP" because he has been absent from his constituency since his election. Mugweni did not immediately respond to requests for comment.