Prime Minister Andrew Holness seems to wash his hands clean of SSL when he said the following.
“I have no funds currently with SSL and have not done any business with SSL since September 2021. I wish to also make it clear that neither I nor any member of my family has ever borrowed from SSL or received any form of credit facility from SSL.”- Prime Minister Andrew Holness
Andrew Holness
Should the Jamaican people believe Prime Holness when he said, he never borrowed any money from SSL. But, of course, SSL is not a bank, but the big boss at the entity is a close friend of the PM. So, a loan is possible.
According to an article in the Gleaner on February 15, 2016:
Finance Minister Dr. Peter Phillips has been heading a PNP court since November 2015 that questioned Holness’ financing of his home, indicating that it might not stand up to scrutiny.
Gleaner Feb. 15, 2016
But Holness has sought to dismiss much of the speculation in a statement that chronicled the building process, his funding sources, and how he became director of ADMAT. This St Lucia-registered company purchased the land on which his mansion was built.
ADMAT is a shell company the PM incorporated in 2008 in St Lucia, sometime after he became Education Minister. But we are yet to know what services ADMAT offers. We know the PM is the sole director, and he and his two sons are the shareholders. St Lucia should ring a bell because that is where Bolt’s account lives.
Remember, the Prime Minister said he has never borrowed from SSL. But the following suggests something different.
Meanwhile, Holness has acknowledged that he is now indebted by purchasing the house and land. He explained that he used money from accounts held at the Jamaica Money Market Brokers and Stocks & Securities to finance the purchase of the Beverly Hills property and loans throughout the construction phase.
Gleaner Feb. 15, 2016
What do you think? Did the PM lie about borrowing from SSL?