THE HAGUE–Members of the Second Chamber of the Dutch Parliament Ronald van Raak of the Socialist Party (SP), Aukje de Vries and André Bosman, both of the liberal democratic VVD party, are seeking clarity from the Dutch Government about the recent reports in the newspaper Financieele Dagblad FD about the Dutch Caribbean insurance company Ennia.

Van Raak on Friday submitted fifteen written questions to Dutch Minister of Home Affairs and Kingdom Relations Ronald Plasterk and to Dutch Finance Minister Jeroen Dijsselbloem, while De Vries and Bosman sent nine questions to the same Ministers.The questions focused on Ennia and its clients, Mullet Bay Resort in St. Maarten, businessman Hushang Ansary, the role of the Central Banks in this particular case, and the regulations/legislation for financial institutions in the Dutch Caribbean.

The extensive coverage in the FD last week Friday that Ennia had been financially emptied by its owner Ansary, under the authority of the Central Bank of Curaçao and St. Maarten (CBCS), caused great alarm, both in The Hague and on the islands.

The Dutch newspaper hinted that possibly several ten thousand policy holders at Ennia were duped because of insufficiently covered insurance policies. Ennia has denied the reports and assured its clients that their insurance was safe. The CBCS has also denied the allegations. The FD articles were based on a secret 2015 report of the Dutch Central Bank DNB. Management of the DNB is said to have expressed doubts about the integrity of the CBCS.

Van Raak, Bosman and De Vries all asked the Ministers to clarify the articles in the FD, and the reports that swapping of capital had taken place between three companies of Ansary, namely Ennia, Mullet Bay Resort and S&S. “What do you think about these reports,” asked Bosman and De Vries.

“Is it correct that according to a 2015 DNB report, the Mullet Bay property was brought into Ennia Caribe for an amount of NAf. 240 million? Or is it correct, as Ennia claimed, that the resort in question was brought in for NAf. 571 million and that it was taxed at NAf. 771 million. What is the current value of Mullet Bay,” asked Van Raak.

Bosman and De Vries wanted to know what would happen if Ennia collapsed. “Who supervises Ennia, and other insurance companies and banks in Curaçao, Aruba and St. Maarten? What is the quality of local supervisory entities such as the CBCS? What are the consequences of bad quality of the local supervisory entities for the Netherlands?”

According to the FD, there are possibly conflicts of interest within Ennia. Van Raak asked the Ministers whether this was the case, and what they would do about it. “Do you share the opinion of the CEO that Ennia is financially healthy? Do you share the conclusion of the external accountant KPMG that Ennia is healthy financially and organizationally?”

Van Raak wanted to know which options were there for duped Ennia clients if it turned out that the external accountant didn’t adequately check the books of Enna. “How can you guarantee that the people in Aruba, Curaçao and St. Maarten can be completely and safely assured of their policies and pensions? If not, what are possibilities of these clients to address the insurance company, the external accountant and the supervisors?”

Bosman and De Vries queried the exact roles and responsibilities of the DNB as it relates to the financial supervision in Curaçao, Aruba and St. Maarten. “Which tools does the DNB have to intervene? Is it correct that the DNB has been investigating Ennia in Curaçao? If so, why,” the Members of Parliament (MPs) asked.

“Is it correct that the DNB wrote a highly critical report on Ennia? What is the date of that report? Is it true that the DNB already warned in 2011 of the problems at Ennia? Why was nothing done with those concerns at the time,” Bosman and De Vries wanted to know.

“What does all this ultimately mean for the responsibility of the Netherlands for the financial institutions in Curaçao, Aruba and St. Maarten,” asked the VVD MPs, who also wanted to know whether the Netherlands or the Dutch tax payer would have to foot the bill if a financial institution, such as a bank or insurance company, would collapse due to bad management or failing supervision by local authorities. “Do you share the opinion that this is completely unacceptable and unthinkable?”

Van Raak focused on Ansary. He who carried the final responsibility for the screening of Ansary when the latter entered the financial world in the Dutch Caribbean around 2005. Van Raak inquired about the role of the Bank of the Netherlands Antilles (BNA) at that time in this screening, as well as the role of the DNB and the Dutch Ministry of Finance.

Minister Dijsselbloem already confirmed last week Friday after the regular Council of Ministers meeting that he would inquire at the Dutch Central Bank as to what happened at Ennia and whether the situation at the insurance company was under control.

Bron: Daily Herald

Naschrift KKC

1 Klopt het dat volgens een rapport van De Nederlandsche Bank uit 2015 over Ennia Caribe het resort Mullet Bay op Sint-Maarten is ingebracht voor 240 miljoen Antilliaanse gulden?
(1 http://fd.nl/ondernemen/1155503/balletje-balletje-op-de-antillen-met-reserves-van-verzekeraar-ennia

2 Of klopt het dat, zoals Ennia zelf beweert, het genoemde resort is ingebracht voor 571 miljoen gulden en getaxeerd zou zijn op 771 miljoen?(2 http://antilliaansdagblad.com/nieuws-menu/13785-uithollen-ennia-absurd

3 Wat is volgens uw inschatting een reële huidige waarde van Mullet Bay?

4 Volgens ‘Het Financieele Dagblad’ schrijft De Nederlandsche Bank over mogelijke conflicten van belangen binnen Ennia. Deelt u deze conclusie? Zo ja, wat gaat u daar aan doen?

5 Deelt u de conclusie dat ‘balletje-balletje’ is gespeeld met geld tussen Ennia Leven (eigenaar Hushang Ansary), Mullet Bay (Ansary) en S&S (Ansary)? Deelt u de conclusie dat dit tot een in de verzekeringsindustrie ongekend concentratierisico leidt?

6 Deelt u de opvatting van de CEO dat Ennia financieel gezond is?

7 Deelt u de conclusie van extern account KPMG dat Ennia financieel en organisatorisch gezond is?

8 Sinds wanneer worden de jaarrekeningen door het externe accountantsbureau KPMG geauditeerd?

9 Welke mogelijkheden hebben gedupeerde Ennia cliënten, mocht blijken dat de externe accountant de boeken van Ennia niet adequaat controleert?

10 Wie was eindverantwoordelijk voor de screening van de persoon Hushang Ansary, toen deze rond 2005 zijn intrede deed in de financiële wereld in de voormalige Nederlandse Antillen?
(3 http://caribischnetwerk.ntr.nl/2016/06/11/al-bij-overname-ennia-grote-twijfels-over-ansary/

11 Welke rol had de Bank Nederlandse Antillen (BNA) destijds in deze screening en hoe is deze verantwoordelijkheid genomen?

12 Welke rol had De Nederlandsche Bank (DNB) destijds in deze screening en hoe is deze verantwoordelijkheid genomen?

13 Welke rol had het ministerie van Financiën in Nederland destijds in deze screening en hoe is deze verantwoordelijkheid genomen?

14 Hoe kunt u de bezorgde klanten van Ennia op Aruba, Bonaire, Curaçao en Sint-Maarten verzekeren dat De Nederlandse Bank in samenwerking met de Centrale Bank van Curaçao en Sint Maarten adequaat toeziet op deze verzekeraar?

15 Hoe kunt u garanderen dat de mensen op Aruba, Bonaire, Curaçao en Sint Maarten volledig en zonder zorg verzekerd kunnen zijn van hun polissen en pensioenen? Zo nee, welke mogelijkheden staan hen ter beschikking om de verzekeraar, de externe accountant en hun toezichthouders aan te spreken?