Tag: FORENSIC AUDIT

SHOCKING: PSMAS Loses US$60 Million In Contributors Funds To In-house Corruption

Michael Gwarisa

FINDINGS from a Premier Service Medical Society (PSMAS) audit have revealed gross embezzlement and mismanagement of contributors’ funds by the company’s top management, the board, health service providers and the disorganization’s affiliates. By Michael Gwarisa In 2022, the registrar of Medical Aid Societies ordered a forensic audit into PSMAS, to find out if the medical aid society was not abusing funds by engaging in non-core business. Cases in point include investment in micro-finance, buying and selling of gold, extending society beyond the borders, and creating additional institutions that draw funds…

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#BREAKING: Government Disburses ZWL 3,790,919,745.02 To PSMAS

Michael Gwarisa

THE Government of Zimbabwe says it has been religiously honoring its pledge to financially support the beleaguered medical aid society, PSMAS contrary to what some labor unions are saying. By Staff Reporter In a statement, Ambassador Jonathan Wutawunashe, secretary, Service Commissions Public Service Commission (PSC) Secretary said disbursements made by Government to PSMAS, totalling ZWL 3,790,919,745.02 between January to May 2022, while June disbursement shall be made this coming week. The Commission wishes to update its stakeholders and workers on prudent steps that Government has taken to support PSMAS in…

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