The United Progressive Party (UPP) is demanding an investigation into a land swap deal between a private firm and the government owned National Housing Development & Urban Renewal Company Limited.
In the swap, Cove Head Development Limited reportedly exchanged property at Dredge Bay for 19 parcels of land at Friars Hill, which was formerly owned by the West Indies Oil Company (WIOC).
UPP Political Leader Harold Lovell contends the government got a bad deal because, in his opinion, the land at Friars Hill was undervalued, and given government plans to develop infrastructure in the area, he believes Cove Head Development Ltd would be able to sell the land at a significant profit.
The sole beneficial shareholder of Cove Head Development Limited is Hyacinth Harris, with whom Prime Minister Gaston Browne shares a son in his late twenties. Further, Austin Smith is a director of both Cove Head Development Limited and the National Housing Development & Urban Renewal Company Limited.
“I am asking for an investigation into the value down at Dredge Bay; the value and potential value at Friars Hill; who valued the land; who sold who; how did it all transpire, and what will the prime minister or prime minister’s son’s mother be making. Because I’m not fooled by that,” Lovell said.
Browne, however, has fiercely defended the deal as good value for the government housing company and distanced himself from his son’s mother.
“I had a child with her almost 28 years ago… We have not been in a relationship for over 15 years. “My son is an independent businessman who got his start from me several years ago,” Browne declared.
According to the prime minister, Cove Head Limited held several parcels of land and two buildings at Dredge Bay for over 15 years as part of its housing development project. He added that the company had constructed several homes at Dredge Bay 15 years ago.
More in today’s Daily Observer.