MIAMI/PHILIPSBURG–Acting President of the Central Bank of Curaçao and St. Maarten (CBCS) Bob Traa recently attended what was described as an “introductory meeting” with Persian-American shareholder and billionaire Hushang Ansary of the Parman Group. The meeting took place at the request of St. Maarten’s acting Minister of Finance Perry Geerlings, the Central Bank said in a statement.
The meeting took place in Miami, Florida, during a stop-over on the way to the annual meeting of the International Monetary Fund (IMF) and the World Bank in Washington DC.
“The CBCS is the central bank of two countries in the monetary union and as such serves two governments, two finance ministers and two economies. If one of the ministers appeals to the CBCS, the CBCS can respond to this,” the Central Bank said about Minister Geerlings’ request.
The Central Bank said that no agreements or commitments were made during this meeting. “This was by no means the approach of the meeting,” CBCS said in a statement.
The liability proceedings which were initiated on October 11, in the interest of ENNIA policyholders will be continued, it was stated.
Curaçao-based insurance company ENNIA started liability proceedings against Parman Group owner Ansary, his daughter Nina Ansary, his right-hand man Abdallah Andraous as well as former ENNIA directors Ralph Palm and Gijs van Doorn.
The company, currently under emergency rule of the Central Bank, wants at least NAf. 700 million to be returned.
Earlier, ENNIA and CBCS had already managed to obtain around NAf. 500 million, which was parked at Merrill Lynch in New York.
The long-term solvency deficit, partly as a result of “unlawful withdrawals and conduct,” must be eliminated, but this does not mean that there is a liquidity shortage. According to the Central Bank, ENNIA can meet all payment obligations.
The liability procedure is being handled for ENNIA/CBCS by Ox & Wolf Legal Partners in Curaçao, assisted by Dutch and American law offices. This office previously also did the legal work regarding the funds at Meryl Lynch.
Source: The Daily Herald https://www.thedailyherald.sx/islands/91853-central-bank-meets-with-ansary-at-minister-geerlings-request
View comments
Hide comments