Government wanted to sell shares to Curacao

POSTED: 05/17/11 12:07 PM

Bas Roorda sent information to Cft “without authorization”

St. Maarten – The information the dismissed head of the finance department Bas Roorda shared with the financial supervisor Cft referred not only to the back service obligation St. Maarten had to the pension fund Apna. On March 24, Roorda sent a copy of a letter from the Ministry of Finance in Curacao to Jacob de Glee at the Cft. On May 10, Finance Minister Hiro Shigemoto wrote in an email to his attorney mr. R.F. Gibson Jr. that he had not authorized Roorda to forward the letter.
In the letter, Curacao’s Finance Minister George Jamaloodin outlines an agreement about the sale of St. Maarten’s shares in 23 different government owned companies to Curacao for 20 million guilders.
In the agreement, dated March 21 of this year, St. Maarten committed itself to transferring its ownership rights in shares in companies of the former Netherlands Antilles to Curacao. Among these companies are Winair, Saba Bank Resources, Post and Nieuwe Post Nederlandse Antillen, the Development Bank Netherlands Antilles, the Analytic Diagnostic Center, and Netherlands Antilles Air Traffic Control.
The process to get the advance hit a technical snag because the monetary value of the shares was not yet known. The advance would also need the approval of the Dutch government, which represents the interests of Bonaire, Saba and St. Eustatius in the process of dividing the final estate of the Netherlands Antilles.

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