WILLEMSTAD – Former top official of ENNIA insurance and his own company, Ralph Palm and Palm Management Services must repay more than three million guilders to ENNIA. That has been determined by the court in Willemstad.
WILLEMSTAD
– Former top official of ENNIA insurance and his own company, Ralph Palm and Palm Management Services must repay more than three million guilders to ENNIA. That has been determined by the court in Willemstad.
Palm was part of the Ansary group that was convicted a few years ago of extracting money from the insurance business. The case will be heard on appeal next week.
Palm was part of the Ansary group that was convicted a few years ago of extracting money from the insurance business. The case will be heard on appeal next week.
Nevertheless, ENNIA has decided to sue Palm and his company to see how much money they illegally received from the insurer.
Nevertheless, ENNIA has decided to sue Palm and his company to see how much money they illegally received from the insurer.
In February 2011, ENNIA Holding and Palm Management concluded a management agreement, with Palm becoming statutory director of ENNIA Holding on February 14, 2011 and of ENNIA Investments a year later, on January 1, 2012.
In February 2011, ENNIA Holding and Palm Management concluded a management agreement, with Palm becoming statutory director of ENNIA Holding on February 14, 2011 and of ENNIA Investments a year later, on January 1, 2012.
In the years 2011 through 2014, Palm received a fixed annual bonus of more than $300,000. Ansary, who was chairman of the Supervisory Board of ENNIA Holding, ordered these payments.
In the years 2011 through 2014, Palm received a fixed annual bonus of more than $300,000. Ansary, who was chairman of the Supervisory Board of ENNIA Holding, ordered these payments.
On top of that, Palm received a bonus from ENNIA worth 2.3 million guilders at its own request. In addition, ENNIA bought and gave Palm a car plus car allowance, medical expenses and security.
On top of that, Palm received a bonus from ENNIA worth 2.3 million guilders at its own request. In addition, ENNIA bought and gave Palm a car plus car allowance, medical expenses and security.
Seizure
Seizure
In June 2019, ENNIA placed a prejudgment order on several companies associated with Palm that participated through stock, as well as his assets, including his home.
In June 2019, ENNIA placed a prejudgment order on several companies associated with Palm that participated through stock, as well as his assets, including his home.
During the lawsuit, the insurer demanded an amount of 3.8 million guilders in total. This amount includes everything ENNIA has paid. According to ENNIA, these amounts were received by Palm without any legal basis or rights to them.
During the lawsuit, the insurer demanded an amount of 3.8 million guilders in total. This amount includes everything ENNIA has paid. According to ENNIA, these amounts were received by Palm without any legal basis or rights to them.
In the final decision, Palm’s request to have the attachment lifted was denied. Ultimately, Palm was sentenced, together with his company, to repay an amount of more than 3.3 million guilders, plus interest from October 2019 until full payment.
In the final decision, Palm’s request to have the attachment lifted was denied. Ultimately, Palm was sentenced, together with his company, to repay an amount of more than 3.3 million guilders, plus interest from October 2019 until full payment.
https://www.curacaochronicle.com/post/main/former-ennia-director-must-repay-more-than-three-million-guilders-to-the-company/
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