Former director Palm has to repay millions to ENNIA

WILLEMSTAD — Former Ennia Holding and Ennia Investments director Ralph Palm and his company Palm Management Services have to repay the insurance company close to 4 million guilders, the Court in First Instance in Curacao ruled. It also granted a small counterclaim by Palm. Palm has to repay 3,318,551 guilders plus another 532,177 guilders for More...

by The Publisher | Published 2 months ago
By The Publisher On Sunday, March 19th, 2023

Pension cuts loom if Ansary does not pay, CBCS-director Jardim says

WILLEMSTAD — The pensions that are insured by ENNIA are at risk. José Jardim, the financial-economic director of the Central Bank of Curacao and St. Maarten (CBCS) said on the last day of Hushang Ansary’s More...

By The Publisher On Friday, March 3rd, 2023

Ansary announces he is ready to abide by billion-dollar court ruling

WILLEMSTAD — Parman international BV and its majority shareholder Hushang Ansary want to put a stop to the lawsuit brought against them by the Central Bank of Curacao and St. Maarten. In a letter addressed More...

By The Publisher On Sunday, January 22nd, 2023

Nina Ansary files lawsuit against Central Bank

PHILIPSBURG — Nina Ansary, the 56-year old daughter of Hushang Ansary has filed a complaint at the US District Court for the District of Columbia in an effort to protect her multi-million 15.9 percent stake More...

By The Publisher On Wednesday, September 14th, 2022

Ansary puts ownership Mullet Bay into question

PHILIPSBURG — Who owns Sun Resorts and, by extension, Mullet Bay? That question was the cornerstone of a dispute in court between Hushang Ansary and the Central Bank of Curacao and St. Maarten. Mullet Bay More...

By The Publisher On Monday, January 17th, 2022

MP Brison’s initiative law proposes a $30 health levy to tourists

PHILIPSBURG — Visiting tourists will be charged with a health levy of $30 every time they visit St. Maarten if an initiative law proposed by Member of Parliament Rolando Brison (UP) becomes a reality. Brison More...

By The Publisher On Thursday, December 2nd, 2021

Ansary and Co sentenced to repay more than one billion guilders to ENNIA

PHILIPBURG -- Majority shareholder Hushang Ansary has to repay insurance company ENNIA more than one billion guilders (close to $563 million) to compensate for a string of financial irregularities that negatively More...

By The Publisher On Wednesday, November 17th, 2021

NAGICO Cricket Club receives new uniforms & gears

PHILIPSBURG — The NAGICO Cricket Club will be debuting their new uniforms and gears this weekend, in the ongoing T-20 competition being held at the Carib Lumber Ball Park. The team received these new uniforms, More...

By The Publisher On Sunday, October 17th, 2021

Ansary’s attorneys: No evidence of solvency deficit at ENNIA

WILLEMSTAD — “The plaintiffs present circumstances that are incorrect, in violation of the law or otherwise simply made up,” attorneys Karan Doekhi and Mirto Murray said on the second day of the lawsuit More...

By The Publisher On Wednesday, October 13th, 2021

SABA students thank NAGICO Insurances for Care kits

CAPTION: Saba students extend their gratitude to NAGICO for COVID-19 care packages. THE BOTTOM — Students of the Saba Comprehensive and Sacred Heart Primary School in Saba have expressed a big thank you More...