A recent sanction put against the Nicaraguan President Daniel Ortega’s son has led to the withdrawal of the property right of one of the biggest oil companies in the country known as Nicaraguense de Petroleo DNP. The company, which was allegedly owned by the Ortega family, including all its inventories,have now been moved to the control of the state and will be managed by government-assigned companies.
This followed a corruption and money laundering charges pressed against the President’s son – Rafael Ortega Murillo; an act described as illegal money management and way to expand his family fortune by the US Treasury Secretary. The government further stated that the action was taken to ensure easy and uninterrupted supply of fuel and oil products.
The US Treasury Department continued that the DNP, was initially acquired with public money and the government has taken the step to put pressure on Nicaragua’s government described by Washington as a government that violates the human right, and engage in all forms of an illegal act.
