Talk:Nina Ansary

Allegations of misappropriation of assets
In recent years Ansari and Parman have come under scrutiny of the Central Bank of Curaçao and Sint Maarten (CBCS) with regard to financial misappropriations regarding an insurance company operating in the Dutch Caribbean islands of Aruba, Curaçao and Sint Maarten. The CBCS has stated that under shareholder Parman International B.V., in which Ansary is a shareholder, ENNIA Caribe Holding and ENNIA Caribe Investments had appropriated 1,5 billion Antillean guilders (approximately $838 million) from ENNIA insurance companies. These insurance companies operate on the islands of Curaçao and Sint Maarten and therefore fall under the supervision of the CBCS. According to the CBCS, the appropriation took place by having the insurance companies invest in shares in another Parman subsidiary, Stewart & Stevenson Inc. When these shares were sold in 2017, although the insurance companies had held 74% of the shares and should have received $558.7 million, they only received $282.2 million and thus lost approximately $273 million. In another transaction, land at Mullet Bay (sint Maarten) was put in the books of the insurance company for 771 million guilders (just under $431 million) although according to Cushman & Wakefield, one of the largest appraisers in the world, the value is only 89 million guilders ($49 million). In August 2018, after negotiations between CBCS and ENNIA and major shareholder Husang Ansary collapsed, Ansary gave instructions to withdraw $100 million in policyholders money from ENNIA. After CBCS placed ENNIA under an emergency measure, the $100 million was returned to ENNIA. The CBCS notes, however, that $50 million came from a private account of Ansary. On January 29, 2019, a United States Bankruptcy Court declared CBCS is entitled to the accounts since based on the emergency measure, CBCS, and not Parman, is effectively managing ENNIA. The accounts had been frozen because Parman and its major shareholder Ansary did not want to confirm that the CBCS is entitled to the accounts. According to the CBCS, the procedures of Parman and Ansary delay the restructuring process of ENNIA, which increases the risk of its policy holders.

Hushang Ansary 2804:7F0:B080:6CCA:796C:FE42:74E9:948E (talk) 00:17, 12 March 2023 (UTC)

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