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Hushang Ansary

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Hushang Ansary
Minister of Finance
In office
1 March 1974 – 23 December 1977
Prime MinisterAmir-Abbas Hoveida
Jamshid Amouzegar
Preceded byJamshid Amouzegar
Succeeded byMohammad Yeganeh
Minister of Tourism and Information
In office
29 December 1971 – 1 March 1974
Prime MinisterAmir-Abbas Hoveida
Preceded byHassan Pakravan
Succeeded byMohammad Reza Ameli Tehrani
Ambassador of Iran to the United States
In office
25 May 1967 – 1 October 1969
Prime MinisterAmir-Abbas Hoveida
Preceded byKhosrow Khosrovani
Succeeded byAmir Aslan Afshar
Personal details
Born1927 (age 96–97)
Ahvaz, Pahlavi Iran
Political party
ChildrenNina Ansary

Hushang Ansary (Persian: هوشنگ انصاری, born 1927) is an Iranian-American former diplomat, businessman, and philanthropist. He served for eighteen years in the Iranian government prior to the Iranian Revolution including as Minister of Economic Affairs and Finance and Iran's Ambassador to the United States from 1967 to 1969.[1] He has been chairman or director of companies both in Iran and in the United States.

On July 3, 2018, the Central Bank of Curaçao and Sint Maarten (CBCS) revoked the insurer license of the insurance companies of the Ennia Group. On July 4, 2018, at the request of CBCS, the Court in First Instance of Curaçao declared emergency regulations in respect of these insurance companies, as well as Ennia Caribe Holding N.V. and EC Investments B.V. CBCS has been administering these companies since the declaration of emergency regulations.[2][3] In late 2018, Ennia has held various of its former directors, former supervisory directors and its shareholder liable for damages suffered by it. By judgment of November 29, 2021, the Court of First Instance of Curaçao ordered Hushang Ansary, shareholder Parman International B.V., and former directors to pay around ANG 1 billion (USD 500 million) to the Ennia Group. In March 2023, this judgment was appealed, and the amount owed to Ennia was drastically reduced. On September 12, 2023, the Common Court of Justice of Aruba, Curaçao and St. Maarten and of Bonaire, Saba and St. Eustatius issued an interim judgment in the appellate proceedings. [4]

Biography

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Born in 1927 in Ahvaz, in Iran's Khuzestan Province, Ansary first worked as a newspaper and magazine photographer in Ahvaz, Tehran, and England before moving to Japan in 1954. There he met Abbas Aram, Iran's ambassador to Japan, who soon brought him to the attention of Shah Mohammad Reza Pahlavi. The Shah asked Ansary to return to Iran and appointed him to several government positions starting in 1961, including undersecretary of commerce, ambassador to many African nations and to Pakistan, and minister of information.[5]

In 1964, he married Maryam Panahi, a friend of ambassador Abbas Aram who had many high-ranking acquaintances in the governments of the United States and Iran.[6] He served as ambassador to the United States until July 1969.[7] Then he was named as the minister of economic affairs and finance. His accomplishments during this time included assisting the Shah in lending millions of dollars in aid and grants to other countries and the signing of an agreement with U.S. State Secretary Henry Kissinger to build eight nuclear power plants in Iran.[8]

By the 1970s, the CIA considered Ansary to be one of the seventeen members of "the Shah's Inner Circle" and he was one of the Shah's top two choices to succeed Amir Abbas Hoveyda as Prime Minister. Ultimately, this appointment went to Jamshid Amouzegar, and Ansary became the leader of the Constructionist wing of the Rastakhiz party, which opposed Amouzegar's Progressive wing. Some of Ansary's supporters have seen Amouzegar's appointment as a poor decision in hindsight. Even his now ex-wife Maryam Panahi, to whom his marriage "came to a bitter end" according to historian Abbas Milani,[9] said "not appointing Hushang was one of the shah's two biggest mistakes, leading to the revolution."[10] Ansary was appointed minister of economics and finance on 7 August 1977 when Jamshid Amouzegar formed a cabinet.[11] In November 1977, Ansary also became the director of the National Iranian Oil Company, but resigned one year later and moved to the United States, citing health problems.[12]

Business and philanthropy

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During his time in the Iranian government, Ansary also maintained a successful career in business. He was the director of an unstable company called Fakhre Iran, which he made profitable and sold to the government.[13] Ansary arrived in the U.S. a very wealthy man[14] and became a U.S. citizen in 1986.[15] After settling in the United States, Ansary started the Parman Group, a holding company for leisure industries, textiles, international trade, and real estate, which included IRI International - a company that makes oilfield equipment. IRI International was sold to National Oilwell Varco in 2005.[16] Ansary was the chairman of Stewart & Stevenson LLC[17] until the company was purchased by Kirby Corp in September 2018.[18]

In recent years, Ansari and Parman have come under scrutiny of the Central Bank of Curaçao and Sint Maarten (CBCS) with regard to financial misappropriations regarding an insurance company operating in the Dutch Caribbean islands of Aruba, Curaçao and Sint Maarten. The CBCS has stated that under shareholder Parman International B.V., in which Ansary is a majority shareholder, ENNIA Caribe Holding and ENNIA Caribe Investments had appropriated 1.5 billion Antillean guilders (approximately $838 million) from ENNIA insurance companies.[19][20] These insurance companies operate on the islands of Curaçao and Sint Maarten and therefore fall under the supervision of the CBCS. According to the CBCS, the appropriation took place by having the insurance companies invest in shares in another Parman subsidiary, Stewart & Stevenson Inc. When these shares were sold in 2017, although the insurance companies had held 74% of the shares and should have received $558.7 million, they only received $282.2 million and thus lost approximately $273 million. In another transaction, land at Mullet Bay (sint Maarten) was put in the books of the insurance company for 771 million guilders (just under $431 million) although according to Cushman & Wakefield, one of the largest appraisers in the world, the value is only 89 million guilders ($49 million).[20] In August 2018, after negotiations between CBCS and ENNIA and major shareholder Husang Ansary collapsed, Ansary gave instructions to withdraw $100 million in policyholders money from ENNIA. After CBCS placed ENNIA under an emergency measure, the $100 million was returned to ENNIA. The CBCS notes, however, that $50 million came from a private account of Ansary.[19] On 29 January 2019, a United States Bankruptcy Court declared CBCS is entitled to the accounts[21] since based on the emergency measure, CBCS, and not Parman, is effectively managing ENNIA. The accounts had been frozen because Parman and its major shareholder Ansary did not want to confirm that the CBCS is entitled to the accounts.[22] According to the CBCS, the procedures of Parman and Ansary delay the restructuring process of ENNIA, which increases the risk of its policy holders.[19]

Ansary is a devoted Republican,[23] a former friend and business partner of Henry Kissinger, Alexander Haig, and James Baker, served on the National Finance Committee of the Bush-Cheney 2004 Presidential Campaign and is a trustee of the George W. Bush Presidential Library.[24] In 2015, Ansary and his wife donated $2 million to a Super PAC supporting the presidential candidacy of Jeb Bush.[25] He donated $2 million to Donald Trump's inauguration.[26]

Ansary was involved in the creation of several medical and educational institutions, such as the University of St. Martin and the James Baker Institute.[15] In February 2014, Ansary supported the A Thousand Years of the Persian Book Exhibition at the Library of Congress.[1]

Ansary and his wife Shahla are based in Houston, Texas.[citation needed] He has two children, Nina and Nader,[citation needed] and is the brother of Cyrus A. Ansary.[27]

Awards and honors

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Notes

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  1. ^ a b Urschel, Donna (27 February 2014). ""A Thousand Years of the Persian Book" Exhibition Opens at Library of Congress March 27". Library of Congress. Retrieved 27 February 2014.
  2. ^ [1]
  3. ^ [2]
  4. ^ [3]
  5. ^ Milani, p. 80.
  6. ^ Milani, Abbas (2008). Eminent Persians: the men and women who made modern Iran, 1941-1979 (1st ed.). Syracuse, N.Y.: Syracuse University Press. pp. 80–84. ISBN 9780815609070.
  7. ^ "Foreign relations of the USA". US State Department. Retrieved 8 August 2021.
  8. ^ Milani, pp. 81–83.
  9. ^ Milani, p. 84.
  10. ^ Milani, p. 83.
  11. ^ "Chronology May 16, 1977-August 15, 1977". The Middle East Journal. 31 (4): 474. 1977. JSTOR 4325678.
  12. ^ Milani, pp. 82–84.
  13. ^ Milani, p. 81.
  14. ^ Milani, p. 83: "According to William Shawcross, Ansary 'was one of the richest men' in Iran."; Milani, p. 84: "...he had clearly come to America a very rich man—Forbes called him a 'multimillionaire refugee'—...".
  15. ^ a b c Hushang Ansary Ellis Island Medal bio Archived 3 September 2005 at the Wayback Machine. National Ethnic Coalition of Organizations. Retrieved 2010-12-18.
  16. ^ "IRI International Corp.: Private Company Information". Bloomberg News. 25 May 2015. Archived from the original on 25 May 2015. Retrieved 26 May 2023.
  17. ^ "Hushang Ansary: Executive Profile & Biography"[dead link‍]. BusinessWeek. Retrieved 18 December 2010.
  18. ^ "Kirby Corporation Completes the Purchase of Stewart & Stevenson LLC and Reports on the Impact of Hurricanes Harvey and Irma" (Press release).
  19. ^ a b c Press releasecentralbank.cw (in German) Archived 28 May 2019 at the Wayback Machine
  20. ^ a b "Ansary frustrates restructuring of insurance company ENNIA". 14 January 2019.
  21. ^ "Court document" (PDF). uscourts.gov. Retrieved 9 March 2024.
  22. ^ Insurance rehabilitation kramerlevin.com [dead link‍]
  23. ^ Milani, pp. 79, 84.
  24. ^ Staff (9 January 2009). "Donors pay for carrier Bush commissioning". The Virginian Pilot. The Pilot Online. Archived from the original on 6 August 2015. Retrieved 13 May 2015.
  25. ^ "Million-Dollar Donors in the 2016 Presidential Race". New York Times. 25 August 2015. Retrieved 14 October 2015.
  26. ^ "Trump 2017 Inauguration Contributions". OpenSecrets.org |. Retrieved 18 July 2020.
  27. ^ Bill, James A. (1988). The eagle and the lion : the tragedy of American-Iranian relations. New Haven: Yale University Press. p. 374. ISBN 9780300044126. CYRUS ANSARY.
  28. ^ "Ellis Island Medal of Honor Database". eihonors.org. Ellis Island Honors Society. Archived from the original on 6 September 2019. Retrieved 29 December 2018.
  29. ^ Weil, Jonathan (May 2004) "New Stem Cell Center at Cornell". Cancer Biology & Therapy (Austin, TX: Landes Bioscience) 3 (5): 425–426.
  30. ^ "The Ansary Outreach Program" Archived 2011-02-04 at the Wayback Machine. American Academy of Diplomacacy. Retrieved 2010-12-20.
  31. ^ "Grand Opening of Ansary Gallery". News From the George Bush Presidential Library Center. July 2004. p. 4.
  32. ^ "James A. Baker III Prize for Excellence in Leadership". bakerinstitute.org. Retrieved 29 December 2018.
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