WILLEMSTAD, THE HAGUE - The Dutch State Secretary for Kingdom Relations, Alexandra van Huffelen has not yet mentioned how much the Netherlands is willing to lend Curaçao to finance Ennia's ongoing operations. She also does not consider the value of assets under seizure, including the value of Mullet Bay.
It is known that both Parman International and the Central Bank have refrained from delving deeper into the court's investments in Hushang Ansary. Not only in Kirby Corporation but also in one of two companies, Nabors Industries, there were no details available regarding the investment.
A better understanding of the value of both investments could shed light on why and how much money Curaçao needs to borrow. A group of Curaçaoan individuals, in collaboration with US representatives, should have put their signatures on official documents so that Hushang Ansary could make changes to his investment portfolio. The investment portfolio holds a substantial value, and a portion of it is under the control of the Central Bank.
Between June 2017 and October 2017, Hushang Ansary decided to make a change in his investment structure. To achieve this, all directors, along with their representatives in the Ennia consortium in Curaçao and Parman in the United States, had to sign off. According to official documentation from the US Securities and Exchange Commission, these representatives are associated with Ennia Caribe Holding, EC Investments BV, Parman International BV, EC Investments International Sarl (Luxembourg), Parman Capital Group LLC, Parman Enterprises LLC, and Kirby Corporation (USA). In one of the two investment alteration documents, directors and representatives of Parman, Ennia Caribe, Banco di Caribe, and Banco di Caribe Investments BV had to sign jointly.
All the mentioned companies are part of the Parman consortium, of which Hushang Ansary holds the majority of shares and is also the owner of Ennia Caribe Holding in Curaçao. Ansary's group, meanwhile, was being managed by directors of Kirby Corporation, Nabors Industries, and his daughter.
Prominent Curaçaoan names were listed on documents by Ansary's group to sign three share transfer agreements within the Parman group constellation. The first involves the sale of shares in a "sell and purchase agreement" between Stewart and Stevenson (Parman) and Kirby Corporation. The second pertains to the acquisition of an 8.8% stake in Ansary's group by Kirby Corporation. The third involves the acquisition of a 6.7% stake in Ansary's group by Nabors Industries. The combined value on the Capital Market for both companies exceeds 6 billion US dollars, with Kirby Corporation valued at 4 billion dollars, while Nabors is valued at 2.2 billion dollars.
To transfer the shares to Ansary, Curaçaoan directors had to sign the documents. Both Kirby Corporation and Nabors Industries are solid companies in the United States.
Hushang Ansary's intention between 2017 and 2018 was to make changes to his investment portfolio. Two confirmed transactions are involved, as reported by Reuters. On September 13, 2017, Hushang Ansary reported a passive stake of 8.8% in Kirby Corporation. Then, on November 6, 2017, Reuters announced that Ansary, once again, reported a passive stake, this time of 6.7% in Nabors Industries, which is valued at 2.2 billion dollars.
Documentation in the hands of the Supervisor indicates that for both passive stakes to take place, the signatures of both local directors of Ennia and Banco di Caribe were required. In 2018, several transactions involving Kirby were also finalized.