WILLEMSTAD - The Central Bank parried the criticism of ENNIA owner Hushang Ansary against the Director of the Bank Dr. Jose Jardim. Ansary indicated that the Central Bank was too hasty to intervene. For example, 1.5 billion guilders have been channeled to other holding companies, which cannot be repaid, said the Central Bank.

In addition, policy funds have been invested in shares, of which the sales proceeds have only benefited insurers to a limited extent.

In the long run, ENNIA may therefore no longer be able to meet its distribution obligation and that is why the Central Bank intervened.

Hushang Ansary dismisses the conflict with the Central Bank as 'a misunderstanding'. If financial and economic director José Jardim of the Central Bank had taken the trouble to make a single phone call, it would not have reached the emergency regulations at insurance company ENNIA, says Ansary in a televised interview.

It appears that Ansary detests the emergency regulation. If he had he previously known of the existence of this statutory regulation, without the possibility of appeal by the institution it affects, he would never have invested a dime in Curaçao.

According to Ansary, ENNIA has never been as profitable as last year. The insurer is liquid, has no debts and always pays the staff on time. And that for twelve years. The truth is, the American continued, that Jardim never asked a question. The Central Bank does not understand business and certainly not an insurance company. He will not allow one person to disrupt the good relationship he and his company have with the islands of the Dutch Caribbean.