St8ment Investment Inc, a company without any background in construction, is defending the $346 million contract it won for the building of a Primary School at Bamia/Amelia’s Ward, Linden.
St8ment was incorporated in March of this year and its principals are Rawle Ferguson and Kerwin Bollers of Hits and Jams Entertainment along with Aubrey ‘Shanghai’ Major and Kashif Muhammed of the Kashif and Shanghai football tournament.
The quartet has been closely linked to the PPP/C government for a number of years and Major was recently appointed Chairman of the Guyana Tourism Authority while Muhammed is Chairman of the National Sports Commission’s board. The appointments were made after the PPP/C regained office last year.
