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African News

Business Leaders Arrested in Zimbabwe

Sunday, July 08, 2007 5:08:05 AM
By ANGUS SHAW

HARARE, Zimbabwe (AP) - Police arrested 16 more business leaders in a crackdown on those suspected of violating the government's order to slash prices by 50 percent, the official media reported Sunday.

The mandated price cuts are a desperate attempt to confront inflation that has spun out of control during Zimbabwe's economic crisis. The falling prices have caused stampedes, panic buying and near-riots by impoverished Zimbabweans.

Among those arrested in the latest sweep were the directors of Edgars, a leading clothing and fashion retailer, and supermarket and gas station owners.


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