Published On: Tue, Jun 14th, 2016

Giro Bank instigator of Ennia / Central Bank fuss

Tom-Kok-CBSC-Eric-Garcia-GirobankWILLEMSTAD – According to the President of the Central Bank of Curaçao and Sint Maarten (CBCS) Emsley Tromp the origin of the negative publications about the CBCS, the insurance company ENNIA and his person is when he made the decision to intervene in the Giro Bank.

“When the Central Bank received the signal that the Giro Bank was not doing so well, we, based on the law, gave instructions to change some of the bank’s policies. Then the Central Bank noticed that these instructions were not followed and were completely ignored. We found ourselves obligated to declare an emergency agreement applicable to Giro Bank,” said Tromp.

The Central Bank used all the authority given by the court to manage Giro Bank. Emsley Tromp indicated that they started an investigation into the irregularities in the bank. “We discovered various irregularities.” Tromp described Giro Bank as a “cheese barrel with holes full of rats.”

“We saw a practice in the bank of lending money to certain selected groups in the community without the obligation to pay back. When we approached the person to tell him that he needs to pay back we stepped on a very big toe.”

When other illegal practices were discovered, the CBCS and forensic companies filed numerous complaints at the Public Prosecution (OM). “I was threatened that if I didn’t leave the Giro Bank alone, they would start a defamation campaign against me. I believe that my actions of going to the OM has led to the articles in the Dutch Financial Journal (Het Financieele Dagblad). The articles don’t make sense and they are only directed at ruining my reputation,” said the President of the CBCS during his press conference.

Photo: former director Giro Bank Erik Garcia and Tom Kok of the Supervisory Board CBSC

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