Thief Executives Hit PSMAS Again: $500,000 Looted On Expensive Brand New Cars
8 April 2017
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Barely a few months after a clean up exercise was conducted at the government controlled Premier Service Medical Aid, PSMAS, the recently appointed executives have hit the company raiding it of over $500,000 on brand new cars.

As if the Cuthbert Dube looting was not enough, when 11 executives earned more than $119 million between 2009 and 2013 and board members were paid allowances with the highest paid, a civil servant, walking away with more than $500 000 in sitting allowances, the company has continued being victim to ZANU PF appointed bosses.

 

5 years in jail for stealing just $22

A Shamva South MP, Joseph Mapiki once commented saying it is a shame that if one was caught with a gram of gold worth only $22 one was given a sentence of five years in jail, or if found with a twist of marijuana you went to jail for five months, yet bosses who have siphoned millions from the medical aid society are allowed to walk scot free.

 

Brand new vehicles again.

At a time when the company owes over US$300 million and is failing to pay workers their normal salaries, the new bosses have pleasured themselves to a range of brand new vehicles worth over $500,000.

The state owned Sunday Mail reports that the new executive has splurged a staggering US$500 000 on luxury vehicles for the managing director Engineer Tendai Kapumha and three other top executives at a time when members are being denied medical access by doctors.

 

Workers’ salaries were also cut last year due to financial constraints.

Psmas has long been struggling to pay service providers with indications that the company owes about US$300 million.

However, despite the precarious financial situation at the once vibrant medical aid society which boasts of around 800 000 members, Psmas bosses last week took delivery of brand new top-of-the-range Mercedes Benz and Land Rover Discovery and the latest Ford Everest— all valued at an estimated US$540 000.

Apart from deplorable services, Psmas also slashed workers’ salaries by 20 percent before suspending all the allowances. In stark contrast to the financial status of the company, the bosses pampered themselves with the latest luxury vehicles, thereby literally driving the firm to ruins.

The Sunday Mail has unearthed that Engineer Kapumha was allocated a GL350 Mercedes Benz which is priced at US$180 000 at a local car dealer, Ms Regina Tendai who is head of human resources was pampered with the 2017 edition of Ford Everest while Margret Zirambe (head of information technology) and Mr Marshal Mashavave (head of finance and administration) were each given a Land Rover Discovery valued at around US$120 000 each. The Psmas board chair Mr Jeremiah Bvirindi was given a brand new pick up truck.

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