Hits and Jams co-owner questioned in multimillion-dollar land fraud probe

Popular entertainer and promoter, Rawle Ferguson, who is also the co-owner of Hits and Jams, was on Friday released on station bail after he was arrested on Thursday evening for questioning in connection with a multimillion-dollar fraud case.
When contacted, Crime Chief Wendell Blanhum told Guyana Times that the businessman was released on a substantial sum of station bail as investigations continue into the matter.
The crime chief related “the Police are investigating a multimillion-dollar fraud whereby persons obtained millions of dollars from the virtual complainant by pretending that they can acquire large portions of land for him.”
He added that it is alleged that Ferguson had collected portions of the total sum.
“As a consequence, the businessman arrested by investigators and questioned about his involvement,” Blanhum explained.
In addition, to Ferguson, four other persons were arrested but bail was only granted to Ferguson and another man. Three others remain in police custody.
Guyana Times understands that the investigation involves a plot of land along the Heroes Highway and $58M.
Further, he confirmed that the businessman has been cooperating with detectives and was placed on bail pending the outcome of the investigation.
Apart from being an entertainer and promoter, Ferguson, who is also the owner of St8tment Investment Inc had come under immense pressure following a delay last year in the completion of several projects including the $346 million Bamia/Amelia’s Ward Primary School. The contract was awarded in 2021.
Back in October 2024 and then back in December the same year, Ferguson had stated, the project was 95% complete and the school will be handed over in January 2025.
“We expect to hand it over in the second week of January. The workers took time off during the Christmas season, and at various points, we faced challenges with labour, materials, and weather, but we managed to work around these issues to finish the project,” he had told sections of the media.
Apart from being an entertainer and promoter, Ferguson who is also the owner of St8tment Investment Inc. has come under immense pressure following failures to complete several projects including the $346 million Bamia/Amelia’s Ward Primary School. The contract was awarded in 2021.
The construction was initially projected to last 20 months, with a completion date set for July 2023 but there were some setbacks and as such, the deadline was not met.
Back in October 2024 and then back in December the same year, Ferguson had stated, the project was 95% complete and the school will be handed over in January 2025.
“We expect to hand it over in the second week of January. The workers took time off during the Christmas season, and at various points, we faced challenges with labour, materials, and weather, but we managed to work around these issues to finish the project,” he had told sections of the media.
There are other projects undertaken by Ferguson’s company which have failed to meet the contracted deadlines.