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The ENNIA-saga: How Ansary fought the Central Bank every step of the way

PHILIPSBURG – After ignoring instructions from the Central Bank of Curacao and St. Maarten for years, the court in Curacao placed insurance company ENNIA under the rules of the emergency measure in July 2018. The measure gave the Central Bank full control over all relevant decisions and took away this power from major shareholder Hushang Ansary, More...

by The Publisher | Published 2 months ago
By The Publisher On Monday, October 5th, 2020
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Former Minister Gibson among recipients of excessive payments from ENNIA

PHILIPSBURG – The petition attorneys Karina Keizer and Sabine Altena submitted to the court in Curacao on behalf of insurance company ENNIA alleges that three St. Maarteners benefited excessively from questionable More...

By The Publisher On Friday, October 2nd, 2020
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The ENNIA-saga and the crucial role of Mullet Bay

PHILIPSBURG – When Hurricane Luis hit St. Maarten in 1995 its flagship resort Mullet Bay was destroyed. Owner Sun Resorts and its controlling shareholder Hushang Ansary did not do anything with the property in More...

By The Publisher On Wednesday, September 30th, 2020
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Central Bank response to recent media coverage of ENNIA

Willemstad/Philipsburg – Following recent media coverage, the Centrale Bank van Curaçao en Sint Maarten (CBCS) reports as follows. In early July 2018, at the request of the CBCS, the Court of First Instance More...

By The Publisher On Wednesday, September 30th, 2020
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The ENNIA-debacle: How Ansary ignored all red flags

PHILIPSBURG – It took until July 4, 2018, before the court in Curacao imposed an emergency measure on insurance company ENNIA. In doing so, the court put managers and directors of ENNIA on ice and transferred More...

By The Publisher On Monday, September 28th, 2020
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ENNIA and the theft of the century: these are the key players

PHILIPSBURG – Hushang Ansary is not the only one facing a lawsuit initiated by insurance company ENNIA; other defendants in this case include his daughter Nina, his holding Parman International and three others More...

By The Publisher On Sunday, September 27th, 2020
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Hushang Ansary: the colorful character at the heart of the ENNIA-controversy

PHILIPSBURG – The bitter fight between insurance company ENNIA and its major shareholder Hushang Ansary has resulted in several court cases and there are more to come. From the 200-page petition attorneys Karina More...

By The Publisher On Thursday, September 10th, 2020
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Have taxes been paid?

Reports coming out of Curacao indicate that well-known people on St. Maarten allegedly received millions in payments over a number of years from companies linked to ENNIA Insurances. These payments supposedly were More...

By The Publisher On Monday, September 7th, 2020
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Mullet Bay once again takes center stage

No one on St. Maarten, living and working on the island in the 70s and 80s, was not affected by Mullet Bay in one form or another. Every family had at least one or more relatives that worked at Mullet Bay. Many More...

By The Publisher On Thursday, August 20th, 2020
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Challenges facing the new CBCS President

by Emsley D. Tromp I am writing this note risking stepping on toes. However, the only way to avoid stepping on toes is to stand still. Standing still will come at greater cost to the reputation and the credibility More...