Nicaraguan bank Bancorp has requested permission from the country's banking...
FILE PHOTO: A woman walks past a building of Bancorp in Managua, Nicaragua March 7, 2019. REUTERS/Oswaldo Rivas
Bancorp submitted a request to Nicaragua’s banking and financial regulator for “early voluntary dissolution.” U.S. national security adviser John Bolton last week called Bancorp a “slush fund” for Nicaraguan President Daniel Ortega and announced sanctions on the bank as well as and the president’s son Laureano Ortega, for what he described as “vast corruption.”
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