Looting frenzy at PSMI exposed

PSMI company's managing director Farai Muchena, finance director Victor Chaipa and operations director Tafadzwa Gutu are said to have earned extortionate salaries and benefits.

The three directors were earning over US$100 000 monthly in salaries between July 1 2012 and February 2014, their total earnings of $7.7 million excluded benefits and allowances.

Muchena refused to avail PSMI bank statements saying they were highly confidential.

He dismissed the allegations adding that he was at peace since he did not do anything wrong.