This is a partial transcript from "On the Record," May 22, 2006, that has been edited for clarity.

GRETA VAN SUSTEREN, HOST: Guido Wever and Joran van der Sloot know each other from tennis, from the Excelsior Casino in the Holiday Inn, but that's not their only connection. Both men have now been arrested in connection with the disappearance of Natalee Holloway. Natalee's been missing since May 30, and almost a year later, there are still no answers.

Joining us is John Q. Kelly, lawyer for Natalee's parents. John, we have Guido Wever in custody in Holland at the moment, but you spoke to Karin Janssen, chief prosecutor. What did she say?

JOHN Q. KELLY, NATALEE HOLLOWAY'S PARENTS' ATTORNEY: He's going to be released tomorrow morning. They're done interrogating him, and it doesn't look like this latest arrest is going to really advance the investigation at all.

VAN SUSTEREN: Why did they pick him up? They interrogated him last summer. I think they've also interrogated him in Holland over the course of the winter. What was sort of the catalyst that picked him up on Wednesday?

KELLY: For the life of me, I don't know, Greta. You know, this is someone who, the evening of the morning Natalee disappeared, he was with Joran the entire evening, you know, there at the Windham Hotel, the Aruba Grand, then over at the Radisson from, you know, 7:00 in the evening until 2:00 the next morning, they were out in his car and doing different things. And he certainly should have at least been a person of interest that they should have nailed down all the questions that they wanted to ask him back the beginning of June.

VAN SUSTEREN: John, is Karin Janssen who makes — is she the one who makes the decision that she doesn't want him and to release him?

KELLY: That was my indication, yes, that, you know, they've gotten what they needed from him, and it's ultimately her decision, as chief prosecutor, to release him.

VAN SUSTEREN: Do you know what bothers me is sort of the reckless disregard for his liberty. If she decided that in a conversation that preceded our conversation right now, why are they holding him until tomorrow? Pick up the phone, fax a letter of authorization and cut him loose. It's almost a callous disregard for his liberty. If they think he's not involved, cut him loose now, not tomorrow morning.

KELLY: Well, I certainly don't want to be an advocate for him, but you know, also the fact that it's four days of interrogation. That would take us probably to Saturday, and we're sitting here Monday night talking about a Tuesday release. And the reason all this concerns me so much, it's just another example of the raised expectations where, you know, they're making almost a fiasco out of this arrest, you know, raising everybody's hopes, leading to a lot of speculation. It's just, you know, deflating Beth and Dave again, when, you know, they think there might be a glimmer of hope there, and then they're just let down again.

VAN SUSTEREN: Well, and the bizarre thing — I understand it's the Dutch system, where you can sort of round up people, but it's almost become the point is — you know — you know, if you're under 25 and you're a guy in Aruba, you know, you're eligible to be locked up and incarcerated. He's — apparently, according to his lawyer, he was indicted for murder and manslaughter, and those things stick with you until you are officially cleared, which is tough, bizarre.

KELLY: Well, it's — I'm glad I don't have to take the Aruban bar, but it seems like everybody who has been picked up for questioning has also been charged with these crimes. And you know, as I said, it just — it just bothers me that someone like this, who was — you know, I went back and I pulled — I've got a pretty good, you know, file of all the police reports, investigative reports and things, and I went back and pulled them out. And this is an individual whose name is all over the statements of Joran's and Deepak's and others right at the early stages of the investigation.

And you know, I don't mind — I love that they're still actively engaged in the investigation. They're still, you know, picking people up, and they're still interviewing witnesses. But you know, to pick up someone like this and get everybody excited, when, you know, it should have been done a year ago and there should have been some resolution whether he was of value to the case or not back then, it just — it doesn't make me happy, and I know it doesn't make Beth and Dave happy to conduct in this manner now.

VAN SUSTEREN: When you spoke to Karin Janssen, a short time ago, did she give you any sort of sense of hope — Don't worry, John, we're on top of this, and we got it handled, we're going to pick up more people, we know who did it, we're going to — we're going to solve this for your clients?

KELLY: No, and I was trying to push the issue. I wanted to know if, you know, as a result of the interrogation, whether this would lead to more arrests. I didn't get a very strong response there. And you know, I tried to the get a sense of whether this was, you know, something that was going to, you know, advance the ball at all, and my sense is, it is not. It was clarification of some, you know, outstanding issues or some time gaps there, and that was it. And that should have been done a year ago, Greta, not now.

VAN SUSTEREN: Well, I'm sure she's not a fan of mine. I complained last summer when she decided to take a vacation in the middle of an important investigation. And now worse is that she wants to cut someone loose, but it's not going to happen until tomorrow because, I don't know, I guess they don't have phones or faxes or whatever in Aruba to do that. Anyway, John, thank you.

KELLY: Sure, Greta. Bye.

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