VZCZCXYZ0001
RR RUEHWEB

DE RUEHMU #0882/01 1922129
ZNR UUUUU ZZH
R 102129Z JUL 08
FM AMEMBASSY MANAGUA
TO RUEHC/SECSTATE WASHDC 2869
INFO RUEATRS/DEPT OF TREASURY WASHINGTON DC
RUEHZA/WHA CENTRAL AMERICAN COLLECTIVE

UNCLAS MANAGUA 000882 
 
STATE FOR WHA/CEN, EB/IFD/OIA, AND L/CID 
STATE ALSO FOR WHA/EPSC 
STATE PASS TO USTR 
TREASURY FOR INL AND OWH 
 
SIPDIS 
 
E.O. 12958: N/A 
TAGS: EINV ECON USTR KIDE NU
SUBJECT: NICARAGUA: AMCIT PROPERTY CLAIMS MONTHLY UPDATE: JUNE 2008 
 
SUMMARY 
------- 
 
¶1. In June 2008, the Government of Nicaragua (GON) reported the 
resolution of 17 Embassy registered property claims, including one 
under the control of the Ministry of Education. With the inclusion 
of these 17 claims resolved in June, the GON has so far resolved 38 
claims during the 2007-2008 waiver year.  The Property Office 
database now includes 630 unresolved registered property claims 
belonging to 301 Amcits.  To date, most resolutions have involved 
compensation via government-issued indemnification bonds ("bonos de 
pago de indemnizacion" or BPIs).  As of June 30, 2008, the GON has 
issued BPIs with a face value of $327,321,987 to Embassy-registered 
claimants.  Since taking office in January 2007, the Ortega 
administration has resolved a total of 43 claims, 38 during this 
waiver year.  The GON also resolved one U.S. citizen non-waiver 
claim. 
 
EMBASSY-REGISTERED CLAIMS RESOLVED IN JUNE 2008 
--------------------------------------------- --- 
 
¶2. On July 02, 2008, Attorney General Hernan Estrada provided the 
Embassy a copy of the final settlement document or "finiquito" 
signed on May 08, 2008, by U.S. citizen Dora Arguello.  Mrs. 
Arguello received BPIs worth 129,100 cordobas, approximately 
$6,657.93.  We have updated our database to reflect this 
settlement. 
 
                     Type of     No. of    Type of 
Claimant             Claim       Claims    Resolution 
--------             -------     ------    ---------- 
Dora Arguello     House   1  bonds 
 
¶3. On July 09, 2008, U.S. citizen Dora Arguello provided the Embassy a copy of the finiquito signed on June 20, 2008, by her family members who are also U.S. citizens. The Arguello family received BPIs worth 856,500 cordobas, approximately $44,171. We have updated our database to reflect this settlement. 
 
                     Type of     No. of    Type of 
Claimant             Claim       Claims    Resolution 
--------             -------     ------    ---------- 

Arguello Family     Houses   2  bonds 
 
¶4. On July 09, 2008, Attorney Roberto Arias, legal representative for U.S. citizen Ruben Garcia, provided the Embassy a copy of the finiquito which he signed on behalf of Mr. Garcia on June 09, 2008. Mr. Garcia's claim is noteworthy because the Ministry of Education took control of his property in the 1980s. Mr. Garcia received BPIs worth 33,400 cordobas, approximately $1,722.50. We have updated our database to reflect this settlement.
 
                     Type of     No. of    Type of 
Claimant             Claim       Claims    Resolution 
--------             -------     ------    ---------- 

Ruben Garcia      House   1  bonds 
 
¶5. On July 02, 2008, Attorney General Estrada provided the Embassy a 
copy of the finiquito signed on May 20, 2008, by U.S. citizen Maria 
Hasbani.  Mrs. Hasbani received BPIs worth 19,263,700 cordobas, 
approximately $993,465.83.  We have updated our database to reflect 
this settlement. 
 
                     Type of     No. of    Type of 
Claimant             Claim       Claims    Resolution 
--------             -------     ------    ---------- 

Maria Hasbani     Land   1  bonds 
 
¶6. On July 02, 2008, Attorney General Estrada, provided the Embassy a copy of the finiquito signed on May 6, 2008, by U.S. citizen Leticia Jimenez. Mrs. Jimenez received BPIs worth 1,468,500 cordobas, approximately $75,783.35. We have updated our database to reflect this settlement.
 
                     Type of     No. of    Type of 
Claimant             Claim       Claims    Resolution 
--------             -------     ------    ---------- 

Leticia Jimenez     Land   4  bonds 
 
¶7. On July 02, 2008, Attorney General Estrada provided the Embassy 
Property Office a copy of the finiquito signed on March 27, 2008, by 
Roberto Salvatierra, legal representative of U.S. citizen Felipe 
Montanez.  Mr. Montanez received BPIs worth 326,300 cordobas, 
approximately $16,827.91.  We have updated our database to reflect 
this settlement. 
 
                     Type of     No. of    Type of 
Claimant             Claim       Claims    Resolution 
--------             -------     ------    ---------- 

Felipe Montanez   Land   1  bonds 
 
¶8. On July 02, 2008, Attorney General Estrada provided the Embassy a 
copy of the finiquito signed on June 24, 2008, by Miguel Cuadra, 
legal representative of U.S. citizen Eva Navarro.  Mrs. Navarro 
received BPIs worth 2,035,100 cordobas, approximately $104,953.99. 
We have updated our database to reflect this settlement. 
 
                     Type of     No. of    Type of 
Claimant             Claim       Claims    Resolution 
--------             -------     ------    ---------- 

Eva Navarro           Land   1  bonds 
 
¶9. On July 02, 2008, Attorney General Estrada provided the Embassy a 
copy of the finiquito signed on July 06, 2004, by Roberto Riguero, 
legal representative of U.S. citizen Maria Riguero.  Mrs. Riguero 
received BPIs worth 1,724,100 cordobas, approximately $88,915.13. 
We have updated our database to reflect this settlement. 
 
                     Type of     No. of    Type of 
Claimant             Claim       Claims    Resolution 
--------             -------     ------    ---------- 

Maria Riguero          Land   4  bonds 
 
 
¶10. On July 02, 2008, Attorney General Estrada provided the Embassy 
a copy of the finiquito signed on May 26, 2008, by Katherine Willey, 
widow and legal representative of U.S. citizen Allan S. Willey. 
Mrs. Willey received GON issued checks totaling 2,084,282 cordobas, 
approximately $107,490.  This case is noteworthy because Mr. 
Willey's electric company in Matagalpa was expropriated in 1979.  We 
have updated our database to reflect this settlement. 
 
                     Type of     No. of    Type of 
Claimant             Claim       Claims    Resolution 
--------             -------     ------    ---------- 

Willey Family         Shares    1  cash 
 
WAIVER CLAIMS RESOLVED IN EARLY JULY 
------------------------------------ 
 
¶11. On July 09, 2008, Attorney Roberto Arias provided the Embassy a copy of the finiquito which he signed on behalf of U.S. citizen Hena Vargas, on July 07, 2008. Mrs. Vargas received BPIs worth 6,579,900 cordobas, approximately $339,338.02. In June 2004, Mrs. Vargas received a partial finiquito for transportation equipment confiscated from a transportation company in which she was a shareholder. The GON completed the remaining compensation for her claim on July 7. We have updated our database to reflect this settlement.

                     Type of     No. of    Type of 
Claimant             Claim       Claims    Resolution 
--------             -------     ------    ---------- 

Hena Vargas           Other   1  bonds 
 
NON-WAIVER CLAIMS RESOLVED IN JUNE 2008 
--------------------------------------- 
 
¶12. On July 02, 2008, Attorney General Hernan Estrada provided the 
Embassy a copy of the final settlement document or finiquito signed 
on June 13, 2008, by Lucrecia Arauz, legal representative of U.S. 
citizen Marilyn Zambrana.  Ms. Zambrana received BPIs worth 
1,831,500 cordobas, approximately $94,453.95.  We have updated our 
database to reflect this settlement. 
 
                     Type of     No. of    Type of 
Claimant             Claim       Claims    Resolution 
--------             -------     ------    ---------- 

Marilyn Zambrana     Lot   1  bonds 
 
STATUS OF AMCIT PROPERTY AS OF 06/30/08 
--------------------------------------- 
 
¶13. The following is a snapshot of current U.S. citizen property 
claims.  The Embassy maintains separate databases for claims 
registered before and after the July 31, 2005, deadline in the 
Consolidated Appropriations Act. 
 
EMBASSY-REGISTERED CLAIMS                         NUMBER 
-------------------------                         ------ 

Total Amcits with pending claims                     301 
 
Total Amcit claims pending resolution                630 
 
EMBASSY-REGISTERED CLAIMS BY CALENDAR YEAR NUMBER
------------------------------------------        ------ 

Claims resolved in calendar year 2008                 33 
 
Claims resolved in calendar year 2007                 10 
 
Claims resolved calendar year 2006                    81 
 
Claims resolved calendar year 2005                   126 
 
Claims resolved calendar year 2004                   218 
 
Claims resolved calendar year 2003                   243 
 
Claims resolved calendar year 2002                   125 
 
Claims resolved calendar year 2001                   175 
 
Claims resolved calendar year 2000                    70 
 
 
EMBASSY-REGISTERED CLAIMS RESOLVED BY WAIVER YEAR NUMBER
--------------------------------------------- ---- ------ 

Registered claims resolved so far in 2007-08          38 
  (waiver year: August 1, 2007 - July 31, 2008) 
 
Registered claims resolved 2006-07 waiver year        34 
 
Registered claims resolved 2005-06 waiver year        86 
 
Registered claims resolved 2004-05 waiver year       187 
 
Registered claims resolved 2003-04 waiver year       214 
 
Registered claims resolved 2002-03 waiver year       183 
 
Registered claims resolved 2001-02 waiver year       160 
 
Registered claims resolved 2000-01 waiver year       142 
 
Registered claims resolved 1999-00 waiver year        77 
 
Registered claims resolved 1998-99 waiver year       156 
 
Registered claims resolved 1997-98 waiver year       204 
 
Registered claims resolved 1996-97 waiver year       145 
 
 
EMBASSY-REGISTERED CLAIMS UNDER GON CONTROL NUMBER
-------------------------------------------       ------ 
 
Total Amcit properties under GON control              53 
  (subject to revision) 
 
GON-held claims resolved 2007-08 waiver year           1 
 
GON-held claims resolved 2006-07 waiver year           0 
 
GON-held claims resolved 2005-06 waiver year           3 
 
GON-held claims resolved 2004-05 waiver year          16 
 
GON-held claims resolved 2003-04 waiver year          12 
 
GON-held claims resolved 2002-03 waiver year          11 
 
GON-held claims resolved 2001-02 waiver year          26 
 
GON-held claims resolved 2000-01 waiver year           2 
 
GON-held claims resolved 1999-00 waiver year           2 
 
GON-held claims resolved 1998-99 waiver year           5 
 
GON-held claims resolved 1997-98 waiver year          29 
 
GON-held claims resolved (total)                     176 
 
 
CLAIMS DISMISSED BY GON DURING THE 2007-08 WAIVER YEAR NUMBER
------------------------------------------        ------ 
 
MARCH 2008                                            73 
 
FEBRUARY 2008                                         21 
 
JANUARY 2008                                          34 
 
NOVEMBER 2007                                         18 
 
 
COURT DECISION AGAINST CLAIMANT (CLAIM WITHDRAWN BY AMCIT) NUMBER
-------------------------------                   ------ 

                                                       9 
 
CLAIMS WITHDRAWN BY AMCIT 
(PROPERTY UNDER AMCIT CONTROL)                    NUMBER 
------------------------------                    ------ 

                                                       1 
 
CLAIMS WITHDRAWN BY AMCIT 
(LACK OF SUPPORTING DOCUMENTS)                    NUMBER 
------------------------------                    ------ 

                                                       1 
 
TOTAL CLAIMS RESOLVED BY LAND SWAPS               NUMBER 
-----------------------------------               ------ 

                                                       6 
 
TOTAL CLAIMS COMPENSATED IN BONDS 
(face value of bonds $327.70 million)             NUMBER 
-------------------------------------              ----- 

                                                   1,888 
 
NON-REGISTERED RESOLUTIONS BY WAIVER YEAR NUMBER
-----------------------------------------         ------ 

Non-registered resolutions 2007-08 waiver year         6 
 
Non-registered resolutions 2006-07 waiver year        12 
 
Non-registered resolutions 2005-06 waiver year        30 
 
Non-registered resolutions 2004-05 waiver year         0 
 
Non-registered resolutions 2003-04 waiver year         6 
 
Non-registered resolutions 2002-03 waiver year        22 
 
Non-registered resolutions 2001-02 waiver year        93 
 
Non-registered resolutions 2000-01 waiver year       300 
 
Non-registered resolutions 1999-00 waiver year       455 
 
Non-registered resolutions 1998-99 waiver year       310 
 
Non-registered resolutions 1997-98 waiver year       230 
 
Non-registered resolutions 1996-97 waiver year       208 
 
 
NON-WAIVER CLAIMS REGISTERED AFTER JULY 31, 2005 NUMBER
--------------------------------------------- ---  ------ 

Total Amcit claimants registered with Embassy         15 
 
Total Amcit claims pending resolution                 21 
 
 
NON-WAIVER CLAIMS RESOLVED BY CALENDAR YEAR NUMBER
------------------------------------------        ------ 

Claims resolved in calendar year 2008                 1 
 
TRIVELLI