PHILIPSBURG - A confidant of Hushang Ansary has been ousted from his role on Sint Maarten. Clarence Derby has been dismissed from his position as an executive of an Ansary-affiliated company on Sint Maarten.
SunResorts manages the Mullet Bay property on the windward island, a piece of land crucial in the appellate case against the Iranian-American billionaire. The court will determine the damages Ansary and his team must pay for the depletion of Ennia based on the value of the Mullet Bay property.
Derby had been working at the former tourist resort since 1973. The plot, measuring over 11 thousand square meters, is now listed for sale. The proceeds from the sale aim to enhance the financial standing of the pension fund, overseen by the central bank.