OFAC Sanctions Son of Nicaraguan President, Three Companies
The Treasury’s Office of Foreign Assets Control sanctioned the son of Nicaraguan President Daniel Ortega and three Nicaraguan companies owned by the Ortega family, Treasury said in a Dec 12 press release. The action targets Rafael Antonio Ortega Murillo and…
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two companies he operates -- Inversiones Zanzibar, S.A. and Servicio De Proteccion Y Vigilancia, S.A. -- as well as Distribuidor Nicaraguense de Petroleo, S.A., a chain of gas stations controlled by the Ortega family. Inversiones Zanzibar is used to transfer and hide profits from Distribuidor Nicaraguense, Treasury said. Servicio De Proteccion Y Vigilancia is a security firm that has received “millions” in government contracts, the press release said.