No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveMontealegre Challenges Ortega

Montealegre Challenges Ortega

MANAGUA – After months of a continuous TV smear campaign on official and semiofficial Sandinista television accusing opposition politician Eduardo Montealegre of stealing $600 million in the Negotiable Investment Certificates (CENIs) banking bailout scandal of 2000, Montealegre went on the counteroffensive last week by challenging President Daniel Ortega to hire an international auditing firm to investigate the matter once and for all.

Montealegre, the Liberal Constitutional Party’s candidate for mayor of Managua, said he thinks that Ortega is going to use the accusation – which he calls a lie – as grounds to eliminate him from the mayoral race, as the government cracks down on other minority parties (see story above).

“I am clear that neither your Tax Collection Office (DGI), nor your Comptroller General’s Office, nor your Attorney General’s Office, nor your Prosecutor’s Office, nor your court system will disobey the order that you, President Ortega, have given to condemn me,” he said.

Montealegre, who finished runner-up to Ortega in the 2006 presidential elections, issued this challenge to the president: If the international auditing firm finds Montealegre guilty of stealing money, he’ll spend a month in jail for each million dollars he stole – or up to 50 years. But for each million Montealegre didn’t steal, Ortega would have to reduce his presidential term by one month.Montealegre said he’s giving the president 15-to-1 odds, and that “anyone would accept those.”

Ortega has not addressed the challenge. Montealegre said that if the president doesn’t accept the challenge, the people of Nicaragua will clearly understand that he’s innocent of the Sandinista allegations, which are as of yet unproven in court.

 

Trending Now

Giant Tarpon Rule the Río Colorado at Costa Rica’s Silver King Lodge

The first thing one learns about tarpon fishing at the mouth of the Río Colorado is that nothing comes easily. The Caribbean can be...

Archaeologists Exhume Nearly 3,000-Year-Old Remains Near San Salvador

Archaeologists exhumed human remains estimated to be nearly 3,000 years old on the outskirts of San Salvador, the Ministry of Culture said in a...

Costa Rica Traffic Ranks Second-Worst in the World

Costa Rica is ranked as the second-worst traffic in the world in Numbeo’s 2026 Mid-Year Traffic Index, placing behind only Nigeria and ahead of...

Mexico Earthquake Triggers Tsunami Alert with Little Risk to Costa Rica

A magnitude 7.3 earthquake struck off the Pacific coast of southern Mexico this morning, setting off a tsunami alert for parts of Mexico and...

Route 27 Goes One-Way at 2 p.m. and the Weather Turns with It

If you spent the mid-year break at the beach, today is the day most people head home — and two things will shape your...

Costa Rica’s San Jose Airport Is Getting Its First Hotel

Costa Rica's San Jose airport is about to gain something no other airport in Central America has: a hotel guests can reach on foot...

Southwest Cancels Las Vegas–Costa Rica Flight Before It Ever Took Off

Southwest Airlines has cancelled its planned Las Vegas–Costa Rica flight before the route ever operated, dropping what would have been the carrier's longest international...

New Nonstop From Ottawa to Costa Rica’s Guanacaste Coast This Winter

If you fly out of Ottawa, reaching the beaches of Guanacaste is about to get a lot easier. WestJet is adding a direct flight...

How Costa Rica’s Forest Recycled a Dead Deer in Just Two Weeks

I probably shouldn’t have done this. That’s what I was thinking as I lay, flat on my back, in the middle of a trail...
Avatar
🌴 The Weekly Pura Vida

Costa Rica, Once a Week

The week's top stories, weather & insider tips — delivered every Sunday. One email, zero clutter.

🔒 Free. No spam. Unsubscribe anytime.

Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Car Rentals
Costa Rica Travel Insurance
Costa Rica Travel