HTS News4orce has obtained exclusive comment from Chief Executive Officer of Saint Lucia Citizenship by Investment Unit [CIU], Cindy McLean on the recently published ‘joint statement’ with Invest Saint Lucia [ISL] on the status of the Desert Star Holdings [DSH] deal.
The statement from ISL issued on May 28th refuted claims by the Opposition Saint Lucia Labor Party [SLP] and former government Minister Richard Frederick that the DSH Agreement with the government had been rejected by CIU and ISL.
The CIU CEO confirmed to HTS News4orce that she was off island at the time when the ‘joint statement’ was published. McLean also informed News4orce that she, as CIU CEO was “not aware” of the statement.
Cindy McLean emphasized that it is strictly against CIU policy to publish or publicly disclose the status of ongoing negotiations with investors.
The DSH Agreement with the government is reportedly worth an estimated US $2.6 billion dollars. DSH led by Chairman Teo Ah Khing, is reportedly seeking approval from CIU to be an authorized CIP agent. Funding for the DSH project is expected to come from revenue derived from the sale of Saint Lucian citizenships.