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 the authority to manage all of the company’s entities to the Central Bank. But the shenanigans that put ENNIA in troubled waters caused More...
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...
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...
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...
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...
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...
Central Bank spends millions on effort to rescue ENNIA
PHILIPSBURG/WILLEMSTAD – The court in Curacao has increased the advance payment to the Central Bank for expenditures related to the restructuring of insurance company Ennia to 15 million guilders, the Antilliaans More...
Central Bank counters complaints by Ennia’s supervisory board
PHILIPSBURG – The Central Bank of Curacao and St. Maarten (CBCS) is not happy with a letter Faroe Metry, president of the supervisory board of insurance company Ennia’s operating units, wrote. The Central Bank More...
Getting Mullet Bay out of its funk
By Hilbert Haar In different words, MP Wescot-Williams criticized the proposal to conduct a parliamentary inquiry into Mullet Bay the same way civil law attorney Wim van Sambeek did in an article stmaartennews.com More...
Timeshare owners at the Towers of Mullet Bay revolt
PHILIPSBURG – More than two hundred timeshare owners at The Towers at Mullet Bay have appealed to Member of Parliament Rolando Brison to investigate the “misappropriation of the property of timeshare owners More...
