Fresh Capital ‘from Italy and Denmark – Dagblad Surinam

The 150 investors queuing through the president to invest in Suriname was another empty promise from the president to reap the rewards. When it turned out that nothing was true, investors and the 4 billion diasporal capital were quickly replaced by the phenomenon: “fresh capital”, which only the president seems to know the definition of. To everyone else outside the president’s circle, “fresh capital” is apparently a dubious construction similar to HPSG and New Surfin NV.

New Surfin NV

The fog of secrecy with which New Surfin NV was founded in dark orange back rooms, completely out of sight of the other coalition partners, has caused all right-wing Surinamese to closely follow developments around this “investment vehicle”. The head of state even stated in an interview that this vehicle is intended to keep the cash flows out of sight of the CBvS and the creditors. After documents from New Surfin NV were leaked for the first time, it became clear that it was not a state-owned company, but a private NV in which state funds were invested. In addition, seven laws were violated when it was enacted, despite cautionary advice from the finance minister’s legal team.

Under pressure from the opposition and society, the president has finally declared New Surfin NV invalid. Would it also be invalid if it had not been leaked? In any case, New Surfin NV is still registered in the Trade Register, and the declaration of invalidity that the NDP faction has always demanded has never been submitted by the relevant authorities. Society’s umptende amount. The case was submitted to PG by the NDP faction, but it appears to have been covered.

With the latest revelations from the faction leader of the National Democratic Party at the last public meeting held on June 10, 2022, new documents have emerged that have given the New Surfin NV issue another dimension. It appears that the finance ministers and Bibis (State of Suriname) have signed a memorandum of understanding with an Italian construction company MAEC 87 SRL for a loan of no less than 2 billion. USD at an interest rate of 0.5% per annum; a grace period of 5 years and a term of 20 years. It is very remarkable in this MoU that the Minister of Finance has signed on behalf of the Cabinet of the President of Suriname. How can it be that the coalition partners ABOP, PL, NPS and even VP were not aware of this loan?

In addition, a $ 4 billion state guarantee has been signed by the Minister of Finance on behalf of Surinam’s central bank, pledging almost all of the country’s natural resources and revenues for this loan. Were the central bank’s management, the board, the governor and PG aware of this state guarantee? In any case, by law, they would have to give approval before signing.

Now that the government has confirmed the authenticity of the leaked documents in its latest press release, the matter is very serious. Since the coalition partners were not familiar with New Surfin NV, there can be no message from RVM or a decision from the president. There was absolutely no parliamentary involvement or authorization prior to the state-guaranteed loan, with significant amounts reported. That it is not a state-owned company, but a private NV (“Surfin NV” without the prefix “New”, which otherwise does not exist according to the trade register) with an account in New York with account number FRNYUS33 021085677, for which a state guarantee of no less than $ 4 billion, raises hair.

In addition, the loan is taken out with the Italian company “MAEC 87 SRL”, which according to a simple Google search has an annual turnover of USD 235,522.00 and employs only one employee, Mr. Angelo Montanari, who is responsible for i.a. MoU with the state of Suriname has signed. How can this company, the state of Suriname, provide a loan of $ 2 billion with the option to expand to no less than $ 7 billion. Every cow from Sunday, when drunk, may indicate that it may not be pure coffee. Apparently, due diligence was never performed on the person or company. Keeping in mind that the functioning PG must also sign and approve loans, it is a very bad thing to fail to conduct a due diligence investigation.

Who are the people who were allowed to withdraw money from Surfin NV’s account in New York? Where are the documents regarding Surfin NV that are not registered in the trade register? What is Surfin NV’s relationship with New Surfin NV and SNFI NV, which was soon to be adopted by law as a replacement for New Surfin NV? The key question is who will receive the commission of DKK 120 million. USD (6% of USD 2 billion). In any case, they will only be people from the Orange Party, for all other political parties in Suriname were not aware of it when they signed this dubious agreement.

The fact that the government has declared New Surfin NV invalid, even though this does not appear anywhere, does not change the criminal acts that have already been committed. It does not detract from a malicious intent to transfer public funds to private institutions outside the sight of the central bank. Legal rules and procedures have been trampled down in favor of a private NV. That the anti-corruption law was once again violated is obvious, and there is even co-operation between government officials to disadvantage the state in a criminal organization.

Incidentally, it is the same finance ministers and Bibis who have already been discredited in the HPSG agreement with the Danish hydrogen company of the same name, without any demonstrable knowledge and experience with hydrogen and energy. The government then hid behind the due diligence investigations of the counterparty’s law firm and apparently “deliberately” failed to conduct its own due diligence. The agreements with New Surfin NV, under which a state guarantee is given for loans from a private company, are very clear. Nor can the fog of secrecy and lack of transparency of the government in either case be a coincidence. In addition, the Minister of Finance is a key player in the Panaso / Blauwmeer issue.

The NDP faction maintains its position that the President will personally inform the National Assembly in detail of this at a public meeting. We demand a thorough examination of the dubious actions of the Finance Ministers and Bibis on both issues. These ministers should keep the credit to themselves and make their portfolios available immediately after the inquiry.

The NDP fraction

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