PHILIPSBURG:--- The Prosecutor’s Office (OM) has officially announced the conclusion of the “Draco” case on appeal by the Joint Court of Justice. This resolution follows procedural agreements reached between the OM, suspect Silvio J. Matser, and his defense attorneys, Safira Ibrahim and Marcel van Gessel. Additionally, the related confiscation case and the “Draco 2” investigations have been resolved through financial settlements, bringing an end to all criminal and confiscation proceedings involving Matser.
The settlement funds will be deposited into the Crime Fund. With this resolution, the cases against Matser and three companies affiliated with him have been finalized. Matser will soon receive a summons to begin serving his prison sentence.
The “Draco” investigation, initiated on November 8, 2018, was conducted by the Kingdom Cooperation Team (RST) under the supervision of the Central Team of the Attorney-General’s Office for Curaçao, Sint Maarten, Bonaire, St. Eustatius, and Saba.
On February 10, 2022, the Court of First Instance (GEA) sentenced Matser to 22 months of unconditional imprisonment for intentionally failing to file tax returns, submitting incorrect tax returns, and money laundering. The court also ordered the execution of a previously suspended prison sentence. Three additional individuals were convicted as part of the investigation. Both Matser and the Prosecutor’s Office appealed the judgment.
In parallel with the criminal case, the RST launched a Criminal Financial Investigation to determine whether the suspects in the “Draco” case had unlawfully gained financial benefits. The investigation revealed that Matser had enriched himself through the crimes for which he was convicted, prompting the Prosecutor’s Office to initiate confiscation proceedings.
Following Matser’s conviction, the OM also launched a criminal investigation and confiscation proceedings against three companies linked to him. The “Draco 2” investigation focused on allegations of forgery and money laundering. Earlier this year, agreements were reached between the OM, Matser, and his defense team to resolve all these cases.
The appeal in the “Draco” criminal case was concluded by the Joint Court of Justice in accordance with the procedural agreements made between the OM, Matser, and his defense. Procedural agreements are arrangements between the Prosecutor’s Office and the suspect, outlining the desired case outcome. These agreements are submitted to the court for review and approval. While the court is not obligated to accept them, the Joint Court deemed the proposed resolution reasonable and appropriate, issuing a judgment accordingly.
As a result, Matser has been sentenced on appeal to 21 months of unconditional imprisonment. The request to enforce the previously suspended prison sentence was rejected. The one-month reduction in the prison sentence compared to the initial ruling reflects the excessive duration of the appeal process.
The overall agreement with Matser includes his acceptance of the prison sentence and a settlement of 711,045 XCG in the confiscation case, relinquishing unlawfully obtained personal assets. Consequently, the OM will request the Court of First Instance to declare the confiscation case concluded.
Additionally, the pending criminal and confiscation cases against three companies affiliated with Matser have been resolved. Two companies will not face prosecution, as their unlawful gains were already included in Matser’s personal confiscation settlement. The third company will pay a fine of $20,000 and a confiscation settlement of $324,215.
This marks the first instance in the Caribbean part of the Kingdom where a criminal case on appeal has been resolved through procedural agreements. This approach allows for quicker case resolution with fewer procedural steps, saving significant government resources in terms of time, court capacity, and costs. At the same time, the requirement for court approval ensures fairness and equality before the law.




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