Companies registered in St. Lucia are at the forefront of a battle of words between Leader of the Opposition Jamaica Labour Party Andrew Holness and the ruling People’s National Party.
Andrew Holness is reported to be a director of ADMAT Incorporated, registered in St. Lucia, that purchased a large plot of land in Jamaica’s upscale Beverley Hills community for $300,000 USD. The property has been the center of controversy since reports of the size house being built by Holness surfaced two years ago.
Andrew Holness have since hit back stating that he is not obligated to respond to the PNP allegations. The PNP have been urging Andrew Holness to release his financial statements to the public which he confirmed will be released in March of this year.
The ruling PNP today acknowledged that their members also had St. Lucia based companies, stating that it is not unusual for Jamaicans to do so.
Reports of the Jamaican police investigating the Leader of the Opposition have been strongly denied by him.
Many flock to create offshore “shell” companies in St. Lucia due to the country’s favourable tax regime.