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Latin Times
Latin Times
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Nicaragua's Ortega used a front to take over the country's electricity sector, investigation alleges

Nicaragua's President Daniel Ortega speaks during an event (Credit: Photo by: Reuters/Oswaldo Rivas)

Daniel Ortega and Rosario Murillo, the authoritarian marriage ruling over Nicaragua, used a company as a front to acquire state-owned electricity distribution companies Disnorte and Dissur, an investigation by Confidencial alleges.

The acquisition, valued at $140 million, involved a complex transaction that has raised questions about the involvement of ALBA de Nicaragua SA (Albanisa), a conglomerate under the control of the ruling family.

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