St. Lucian registered companies at the forefront of saga between rival political parties in Jamaica

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St. Lucian registered companies at the forefront of saga between rival political parties in Jamaica
Leader of the Opposition Andrew Holness' house in Beverly Hills Jamaica. *Photo credit: Jamaica Observer
Leader of the Opposition Andrew Holness' house in Beverly Hills Jamaica. *Photo credit: Jamaica Observer
Leader of the Opposition Andrew Holness’ house in Beverly Hills Jamaica. *Photo credit: Jamaica Observer

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.

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6 COMMENTS

  1. Well not too far from my prediction that with this regime in power any information about St. Lucia will have to be sourced outside of St. Lucia. What the government fails to understand it that the pervasive use of technology has not only allowed members of the public to access information which would have otherwise been kept exclusive or hidden, but it has the added effect of making governments more accountable. Now that we have occupied the attention of the international community for all the wrong reasons not only will we attract some more notorious fellows (especially with our CIP inauguration) but would sure attract some scrutiny. Meanwhile I am here awaiting the rest of the news as to what else we are involved in without our knowledge.

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  2. In my next life I want to be a politician so I can serve myself under the disguise of serving the people.

    (6)(0)

  3. So when KDA says that the economy is growing, we now know where the money is being spent. He makes his money in St. Lucia and spends it in Jamaica.

    (15)(2)

  4. St Lucia is not the only Caribbean country considered a "tax haven". This article is misleading, other islands are worst off than we are.

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    • Agreed! Also the fact that it is a tax haven is what encourages foreign direct investment into the country, thereby increasing employment opportunities for citizens.

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  5. Everyone with money ftom other countries can hide their money in st. Lucia. But yet we little poor St. Lucian can not pass a pencil through custom (barrels or airport), without being charge. The airlines allows you two small pieces and some customs officers act like you bringing the whole China town down. Yet 'others' passing with ten bags no search. Like St. Lucia is good business for every none St. Lucian citizen,and those high on cash, but the poor St. Lucian

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