TODAY NICARAGUA – The Superior Council of Private Enterprise in Nicaragua has denounced the apparent illegality of the arrest of a tourism entrepreneur and the demolition of a US$7 million hotel under construction in Ometepe.
From a statement issued by the Superior Council of Private Enterprise (COSEP):
The right to private property is inviolable.
The Superior Council of Private Enterprise (COSEP), has been made aware of acts of governmental force which led to the arrest of businessman Milton Arcia and the total demolition of his property on the island of Ometepe, which were executed in an “arbitrary and illegal” manner affecting constitutional rights which are fundamental to the legal certainty required for national and international investment; a situation that can not go unnoticed and about which we want to present our union’s institutional position:
The principles governing COSEP which we have insisted on since 2007, guide our union’s business action, and that is why, we have always raised our commitment to strengthen democratic institutions and the economic and social development of the country, because we are aware that this is the way to build a more prosperous and democratic country.