Search Results for: ennia
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Central Bank warns of economic and social catastrophe if Ennia-crisis is not resolved
PHILIPSBURG – “Not finalizing a resolution strategy for Ennia could trigger a run-off of international reserves and cause a deep economic and social crisis,” the Central Bank of Curacao and St Maarten More...
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Going into Recess, Gumbs Sends Questions to Irion Over ENNIA Situation
PHILIPSBURG – PFP member of Parliament Melissa Gumbs sent questions to the Minister of Finance Ardwell Irion requesting, among other information, an update on the ongoing saga between ENNIA and the Central More...
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ENNIA needs millions to prevent cuts in pension payments
WILLEMSTAD — Insurance Company ENNIA is on the brink of bankruptcy, a situation that would directly affect more than 25,000 people in Curacao. To become solvent again ENNIA needs 650 million guilders (slightly More...
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Pro Soualiga Protests Dutch Interference in Ennia Affair
During a recent press conference, State Secretary Van Huffelen stated that the Government of St. Maarten had to “come up with a solution to the problems at the pension insurer Ennia.” She also indicated More...
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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 More...
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Former director Andraous joins the fight against ENNIA
PHILIPSBURG — Former ENNIA-director Abdallah Andraous has followed Nina Ansary’s example in an attempt to get away from paying 237.2 million guilders ($132.5 million) in damages to his former employer. Attorney More...
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Accountants punished for sloppy work at ENNIA
PHILIPSBURG -- The Accountants Chamber in Zwolle has kicked two accountants who approved several annual accounts of insurance company ENNIA on dubious grounds for 6 and 4 month respectively out of the registry. More...
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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...
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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...
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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. More...