How Desperate is the Aruban Government for Money? Aruban Government attaches Marriott Sales Proceeds
Think the island of Aruba and the government is not desperate for revenue? I guess this can be added to the many reason to do business in Aruba and that “ideal market for investment” that was floated. According to Amigoe, the Aruban government has requested that a “Court of First Instance” be attached to the proceeds of the recent Marriott sale. We will do as we please, even if we do not have the documents. Why does this story sound so familiar?
The buildings were sold for 237 million dollars last week to a Caribbean investor in real estate. The petition is dated November 24th, but has been submitted before that date, because it mentions the urgent reason for the sale of the buildings.
Of course there are many details in such deal and disputed opinions, comments and facts. However, the following comment from Aruban Prime Minister Nelson Oduber rings so loud and so common as what we have all seen from Aruban officials during the past 18 months. Trust me, I am telling the truth. Conveniently they do not have the necessary documents, they vanished. Yet, people are supposed to take them at their word of the ones they do have that benefit their position.
These proceeds are for the Country of Aruba, after the Netherlands is paid in connection with the loan furnished at that time.” Oduber admits that the government does no longer have all the documentation concerning the loan. But from some other documents that he has, he concludes that only Aruba is entitle to the proceeds.
It always seems to be the same MO, follow the money. Aruba, being in a situation of lowered tax revenues from a declining tourism … this was an easy money grab.
In the petition is stated that there is a dispute between the Aruban and Dutch government about the division of the proceeds. The shares of the owners of the Marriott hotel, Plant NV are in hands of the Dutch Participation company for the Neth.Antilles (NPMNA) that is being managed by the Dutch Investment Bank. Aruba says that the NPMNA has only received the shares temporarily, as guaranty for a Dutch loan of 55 million dollars.
At that time, the government was in urgent need of money due to unfinished hotel constructions and hotel guarantees that were concluded in the eighties and had asked the Netherlands for financial support in accordance with the Charter for the Kingdom of the Netherlands. The then minister for Aruban and Antillean Affairs Ernst Hirsch Ballin (CDA) loaned Aruba 55 million dollars via NPMNA under the condition that the shares are placed with NPMNA. This is the reason for the dispute now.
Read the full story from Amigoe; November 29, 2006: Government attaches Marriott’s proceeds
The Aruban government has attached the proceeds from sale of some of the buildings of the Marriott hotel (first complex on the left).
ORANJESTAD – From documents that Amigoe has received it appears that Aruba has requested the Court of First Instance to attach the proceeds from sale of the buildings in which the Aruba Marriott Resort & Stellaris Casino is established. This is an amount of 420 million florins.
The buildings were sold for 237 million dollars last week to a Caribbean investor in real estate. The petition is dated November 24th, but has been submitted before that date, because it mentions the urgent reason for the sale of the buildings.
In the petition is stated that there is a dispute between the Aruban and Dutch government about the division of the proceeds. The shares of the owners of the Marriott hotel, Plant NV are in hands of the Dutch Participation company for the Neth.Antilles (NPMNA) that is being managed by the Dutch Investment Bank. Aruba says that the NPMNA has only received the shares temporarily, as guaranty for a Dutch loan of 55 million dollars.
At that time, the government was in urgent need of money due to unfinished hotel constructions and hotel guarantees that were concluded in the eighties and had asked the Netherlands for financial support in accordance with the Charter for the Kingdom of the Netherlands. The then minister for Aruban and Antillean Affairs Ernst Hirsch Ballin (CDA) loaned Aruba 55 million dollars via NPMNA under the condition that the shares are placed with NPMNA. This is the reason for the dispute now.
SHARES
Prime Minister Nelson Oduber (MEP) has sent a letter to the Dutch minister of Kingdom Relations Atzo Nicolaà ¯ (VVD) on October 27th.
In that letter he states that NPMNA does not have any right on the proceeds of the sale of the Marriott buildings. “These proceeds are for the Country of Aruba, after the Netherlands is paid in connection with the loan furnished at that time.” Oduber admits that the government does no longer have all the documentation concerning the loan. But from some other documents that he has, he concludes that only Aruba is entitle to the proceeds. His letter mentions that the shares of Plant Hotel NV were first placed with Oranjestad Property Management (OPM).
After the loan, the shares of OPM would be divided between NPMNA and AIB. However, upon request of the Netherlands, the shares for AIB were held over permanently. That’s the reason why NPMNA remained on paper the only shareholder of OPM. The shares of Plant NV were transferred to NPMNA in 1993 and 2000. NPMNA became the shareholder of the Marriott buildings.
Temporarily though, says Oduber, because the minute Aruba pays off the loan and interest, the shares have to go back to the Country of Aruba. “NPMNA can be considered the trustee of the Country of Aruba. Aruba is economically the owner of these shares”, says Oduber. Besides, Aruba has already paid of a great part of the 55-million dollars loan.
If you liked this post, you may also like these:
Comments
35 Responses to “How Desperate is the Aruban Government for Money? Aruban Government attaches Marriott Sales Proceeds”
Leave a Reply
“These proceeds are for the Country of Aruba, after the Netherlands is paid in connection with the loan furnished at that time.” Oduber admits that the government does no longer have all the documentation concerning the loan. But from some other documents that he has, he concludes that only Aruba is entitle to the proceeds. His letter mentions that the shares of Plant Hotel NV were first placed with Oranjestad Property
Boy Odubear, you guys loose everything, even your tourists ” Um She just kinda vanished” . I think you may want to invest in a good set of paralegals, they are notorius for keeping records maybe even evidence and do excellent legal research.
pl, hiring paralegals would ruin their whole excuse system for bailing out of problems.
dennisintn
dennisintn
How true, when you are held to a standard or their lack of…you have to live up and down to it. In their case down. How easy, ignorance is no exuse, unless you are Aruban LE
Aruba, we will never forget!
Justice for Natalee, Beth, Dave, Jug, Robin and family!
ignorance is bliss, and deadly.
dennisintn
If you think the money is short now wait another year.
Everytime I see that picture of Beth and the idiot oduber it makes me sick. I feel like he is in on this also, maybe the one who is dirtyhand…..when I first saw him speaking to Beth, I got the same feeling. I think he was one of the ELDERS that took Natalee.may he rot in hell along with the rest of the perps if he is involved.
For the last several months, I have written on this site concerning what was too happen with regard to the economy, governmental revenues and the “pork” supported government of Aruba. Actions and reports continue to support my analysis. In reality, there is little hope left for Aruba.
Looks like it was a photo op for Mr, Glenda
Hey, folks, this is great news! (For us.)
After something like this, how many investors do you think Aruba could lure? Even the drug dealers must be getting alarmed … of course, they and the government are one and the same there, but even so ….
As the poster above said, justice for Natalee, Beth, Dave, Jug, Robin and all other family members.
And, in the most precise way possible … justice for all who harmed Natalee, aided and abetted those who did, or who could have helped her and chose not to.
And justice for all those in the Aruban government who have been turning their eyes away (all the while, perhaps, extending their hands for whatever color the currency is there).
i see johnm, kelmal, etc is back.
#105 Justice prior page;
I can always count on you for a response,We agree K.J. should be hung or atleast disbared.And yes Devries is amazing,to use Beth’s words.Do you think we are gaining ground? I wish I could email you direct.Oh well keep working for Natalee,I’ll do the same.I really believe the truth will come out.Maybe sooner than some think.K.J. is as corrupt as the rest of that government.Wonder why she won’t communicate with Beth. Like the world doesn’t know.This case is so cut and dry.
#l2, i can’t decide whether k.j. is corrupt, inept, or completely sandbagged from below and above. the result seems to be the same. total injustice for natalee.
dennisintn
Since Oduber said they get 100′s of calls a day true or not, they can’t investigate them all, I wonder who decides which ones are worth investigating and what the criteria is to decide? I think we probably already know the answer to that, after this past year.
That picture of Oduber with the phoney hug for Beth makes me sick everytime I see it. The only time his eyes light up is when he sees cash.
Here’s my version of that picture with
Beth and Oduber. Here is how I saw it.
http://tinyurl.com/lyksf
I have turned the other cheek
all I can. (all 4!)
If ODUBER that slimebag got a dirtbath,
it would be well deserved! In my book,
he is one of the players that helped
see that Natalee never returned…
and that her remains were never found.
ODUBER, you are nothing, you are trash,
you are FILTH.
..but other than that,
MERRY CHRISTMAS, A$$HOLE!
http://tinyurl.com/kkayg
But no happy new year … not for Aruba, unless and until things change.
Aruba has squandered any iota of credibility
capital that they possibly had to spend.
From ODUBER
Right down to that lying sack of SH —
Joran’s mother – Anita Van der Sloot.
—————————————-
Thursday, June 23, 2005- On the Record
ANITA VAN DER SLOOT: So I spoke
with him (Joran) about these
things and just told him to stay
strong and to TELL THE TRUTH.
——————
On June 24th 2005, at approximately 10.00 hours,
There we, the reporting officers, were informed the suspect J.A.P. van der SLOOT refused to go with us… that his mother and his lawyer had advised him on behalf of his father to NOT MAKE any more statements and to invoke his right to not make statements.
————-
On FOX, Anita confides in Greta that she’s telling the SPORTER to tell the truth.
When we research what is really going on behind the scenes… she’s funneling
messages to Joran from Paulus
and Antonio Carlo. She is
advising the sporter
to shut his effin trap.
Quick Links:
FOX – GRETA ON THE RECORD
Thursday, June 23, 2005
http://tinyurl.com/czdyw
Joran ALE Statement 6/24/2005
http://tinyurl.com/yd3jt7
———
De Vries, are u looking at this????
———
UN-BELIEVABLE!
Justice 4 Natalee
Ann Holloway !
FOX – GRETA ( INTERVIEW – ANITA )
VAN SUSTEREN: When you meet with him, do you have a time limit?
ANITA VAN DER SLOOT: I have a time limit, yes.
VAN SUSTEREN: And who’s present?
ANITA VAN DER SLOOT: With somebody, some of the officers is there, or the guards. AND IF I TALK ABOUT THE CASE, I CAN LEAVE.
Anita goes on to says she is telling Joran to tell the truth.
——————————–
6/24/2005 JORAN ALE Statements
snip it – (full link above)
- that he wouldn’t come with us today because his mother would be visiting him at 14.00 hours that day
- that if he gets a visit from his mother he would discuss making another statement WITH HER.
- that only if his father, by way of his lawyer would say he should make a statement he would do so!!!!!!! ?????????
- that he was waiting for the statement of his father and after that make another statement.
Of this, we, the reporting officers, on our oath of office, have made this proces-verbaal, closed and signed in Oranjestad on June 24th 2005.
The reporting officers,
S.A. TROMP M.A.G. R
————-
THE MURDEROUS RAPING
VAN DER SLOOTS LIE…
AND THAT IS THE TRUTH!
IT IS FAMILY TRADITION.
Justice 4 Natalee Holloway!!!
I bet one reason Karin Janssen doesn’t update Beth is because then Karin would have to tell Beth:
“Beth, we really are doing NOTHING about the case.”
Carpe
That is exactly the impression I got on the photo of Odubber with the knife.
Smiling faces, smiling faces pretend to be your friend.
A smile is just a frown turned upside down.
Smiling faces, smiling faces.
This is how Aruba treats the family of Natalee Holloway
http://blogsfornatalee.com/forums/index.php?topic=5581.0
Karin Janssen: inept comes to mind
Spread the word…..this is how Aruba treats victims of their happy island
Hey Miss U, Justice For Natalee, Pearl…
Check out this find this morning combing
over A.L.E. Suspect Statements:
———-
DEEPAK 06/13/2005 ALE INTERROGATION
———-
–We are picking up mid statement.Deepak is recalling events of the early morning hours the night the Holloway/Twittys arrived. They boys and Paulus are coming back from the Holiday Inn trip in search of Natalee.
———–
The police officers drove from the Holiday Inn to Joran’s house. The police had dropped us off at Joran’s house. One of the police officers in the car said that he knew Joran, he had been to Joran’s house once, because someone had thrown a brick through his window.
*** hardy harrr friggin harrrrr – I wonder who that could have been. *******
-cont’d ( important pay attention to where the boys and Paulus sit down and talk! )
*********************************************************
We then went to Joran’s room because Joran’s dad
wanted to talk to us so we sat down on the floor,
*********************************************************
because Joran’s mattresses were on the floor in his room.
*********************************************************
Joran’s father said to us, see boys what kind of problems this had caused. Then he asked us what we had learned from this. I answered, never offer someone a ride. Joran agreed with me. It was already about 06:10 hours, and I said that it really is late and that I had to go home. I got up and walked to the door. Joran had also said that he had to go to school later. His father had also asked him what time he had to go to school. I didn’t hear what answer Joran gave his father. I said my goodbyes and drove home. I went with my car and drove home via the road leading through Paradera.
-J4N
Carpe, there was no mattress at all in the room, they sat on the floor.
Okay wait what day was this talk?
Why would Joran go to school later?
beware of the handshake that hides the snake. a pat on the back is only a foot away from a kick in the a$$. BEWARE OF ARUBA !
justicefornatalee: That is what KJ would have to tell Beth because they are doing nothing.
Smiling Faces tell lies and I got proof
Just look at all the statements.
Miss U
Deepak’s ALE Statement 6/13/2005
http://tinyurl.com/ybrqmh
A paragraph or so up from the bottom.
-J4N
I take that back… it’s more like
halfway – middle of page
——————————————
The whole process of looking and talking lasted to approximately 05.45 hours. Joran’s father had then said that Joran needed to go to school and the police also that shouldn’t happen like that and that the family members should go to the police and file a missing persons report. Joran and me got back into the police car. Joran’s father remained behind and spoke with the family members and the people who said they were from the FBI. I had seen from the window of the car that Joran’s father greeted the people and then he walked to the police car. Then we drove off in the police car. That is the last time I saw the family members of the missing girl in person. The police officers drove from the Holiday Inn to Joran’s house. The police had dropped us off at Joran’s house. One of the police officers in the car said that he knew Joran, he had been to Joran’s house once, because someone had thrown a brick through his window.
We then went to Joran’s room because Joran’s dad wanted to talk to us so we sat down on the floor, because Joran’s mattresses were on the floor in his room. Joran’s father said to us, see boys what kind of problems this had caused. Then he asked us what we had learned from this. I answered, never offer someone a ride. Joran agreed with me. It was already about 06:10 hours, and I said that it really is late and that I had to go home. I got up and walked to the door. Joran had also said that he had to go to school later. His father had also asked him what time he had to go to school. I didn’t hear what answer Joran gave his father. I said my goodbyes and drove home. I went with my car and drove home via the road leading through Paradera.
——–
On that Monday in question, I woke up around 13.30 hours.
When I got out of my room, I saw that Satish had also come out of his room. Our mother came up to us and was angry and talked to us about the fact that we went out and that Satish now hadn’t gone to school. I walked through the living room and had turned on the television. My brother joined me there and we watched the television. At some point I got up and went to my mother and asked her if the school of Satish had indeed called about him. After this I went back to my room and switched on the computer.
Why would Deepak worry that school called?
Didn’t Nardra say she said the doors were closed and thought the boys were home?
From the story that we had told him, he believed us. To me and my parents he was always polite. When the case of the girl got more serious towards the end of the week, he had asked me whether or not my father had a lawyer. I said to him that he didn’t. This was Thursday two weeks ago. He had asked me if I knew a good attorney. I told him that I did not have a lot of experience with attorneys. He said to me that we shouldn’t worry about it and that he would find a lawyer for me and my brother. Joran’s father told me that same afternoon that he had hired Antoni Carlo to represent Joran.
On Friday two weeks ago he had arainged a lawyer for us.
Why would Pauless arrange a lawyer for them?
Good catch Carpe….Perhaps Natalee was murdered on a mattress in Joran’s apartment. Paulus then traded out the mattresses from his home with Joran’s blood soaked mattress. This would explain why the mattresses were on the floor…they probably didn’t fit on Joran’s bed as they were the wrong size!
Paulus then had the Kalpoemobile discard of the blood soaked mattress and then ordered a new mattress – having it delivered several weeks after the murder.
This would still explain why they didn’t search Paulus property….they would have found a mattress missing…..the one that was in J’s apartment….and they would have found that a mattress fitting Joran’s bed would have been nowhere on the family compound. I do also think that there was significant DNA evidence within the VDS home. Something caused the Government Actors to protect the home from search.
md
Joran turned to me and said that the police was at his house and that it had been his dad on the phone just now. Joran said that it was about a girl that we went out with last night. Joran looked at me and said: “Shit, that is the same girl we went out with last night”. Then he said at the same time: “what is up with this/wrong with this f***ing bitch”.
Why would Joran say that about Natalee, why such vile?
“All people lie, even big people”
It is quite apparent that statement may be the only truth that ever was said from Lieruba.
Miss U -
Paulus got the Kalpoes a lawyer
on or about Fri. 6/3/2005
according to D?
———–
ty, md.
———–
Remember the girls licking his face?
Someone told me this shot was taken
inside his apt. — would this/these be
the mattress(es)?
http://tinyurl.com/smq6m
Justice 4 Natalee!
http://tinyurl.com/vp4a2
http://tinyurl.com/y5X2hf
Wa-friggin-HOOOOOOO!