Years after the ownership structure of Prime Minister Andrew Holness’ Beverly Hills home in Jamaica came under scrutiny for its ability to avoid taxes, the property located at Shenstone Drive now has a new title holder.
Its former owner, the St. Lucian offshore entity ADMAT INCORPORATED, has been dissolved. The IBC (International Business Company), was set up in February 2008 while Mr. Holness held office as Minister of Education, and according to statements in 2016 by him and his then attorney, Patrick Bailey, Mr. Holness was ADMAT’s only director, and he and his then underaged sons, Adam and Matthew, were the only shareholders.
