The dictator Daniel Ortega will not renew Leonardo Torres for a new period as director of the Central Bank of Nicaragua (BCN). According to presidential agreement 54-2022, published in La Gaceta No. 66, dated April 6, 2022, Torres will end his five years on the BCN Board of Directors on May 31.
In the same letter, the dictatorship appoints Germán Manolo Miranda to occupy Torres’ chair as director of the maximum Nicaraguan broadcaster. The term will also be for five years. Miranda was a director of the Corporate Bank (Bancorp).
Related news: Ortega purges Helio Montenegro from the BCN, but keeps Leonardo Torres
The Ortega businessman fell into disgrace and the regime ordered the cancellation of the legal personality of the Association Hispanic college (Uhispam) and the Nicaraguan Council for Micro, Small and Medium Enterprises (Conimipyme), both associations were founded and directed by Torres.
Torres replaced José Adán Aguerri
The assumption of Leonardo Torres as a member of the Board of Directors of the BCN came in mid-2018, in the midst of a sociopolitical crisis that led to the fracture of the corporatist model that supported the Superior Council of Private Enterprise (Cosep) and the Daniel Ortega regime.
Torres came to occupy the chair vacated by the then president of Cosep, José Adán Aguerri, current political prisoner of the Ortega-Murillo dictatorship.
In mid-November 2021, it was reported that Leonardo Torres was not allowed to leave Nicaragua. Immigration and Immigration officials took his passport from him at the Managua airport. He to date he has not given his version of events.
With this, the businessman joined the list of government officials and opponents that the dictatorship has declared a de facto immigration restriction.
The businessman has minimized the loss of jobs in the country and the closure of companies in statements to official media, in addition to praising the handling of the pandemic by the dictatorship.
