Paraguay swears in new president as Peña is put under house arrest
Prosecutors ordered house arrest and a criminal probe as the bank collapse froze savings for nearly 3 million customers, officials said.
- On Saturday, Paraguayan authorities took former President Santiago Pena to the Attorney General's office for questioning, hours after Congress impeached him over the collapse of Ueno Bank.
- Lawmakers removed Pena after regulators seized Ueno Bank last week, freezing nearly 3 million customers' savings; opponents called it the "biggest corruption scandal in our democratic history."
- Vice President Pedro Alliana assumed power Friday as prosecutors ordered Pena's arrest alongside former Central Bank chief Carlos Carvallo for allegations of insider lending and breach of trust.
- Alliana promised that "Compatriots... will be fully compensated," while the Central Bank reported 1.2 million customers received partial or full reimbursement of their insured deposits.
- Public outrage continues as thousands plan an indefinite national strike Monday to demand protection for public pension funds, following clashes with police using rubber bullets this week.
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225 Articles
Reformatorisch Dagblad
Paraguayan prosecutors filed formal charges against ousted President Santiago Peña on Saturday. The conservative ex-president is accused of involvement in a banking crisis.
The prosecutor's office in Paraguay also requested the pre-trial detention and freezing of the assets of former central bank chief Carlos Carvajal The post Paraguay: Prosecutor's office indicts former president Peña and requests his pre-trial detention appeared first on in.gr.
He was transferred to the Attorney General's office.
Santiago Peña faces a criminal investigation in Paraguay in the Ueno bank case, a financial institution whose closure caused a political crisis and his dismissal as president.
The ex-mandator was dismissed on Friday for “misperformance” given his relationship with the financial institution and his dissolution
Returns to one million accountants are due but the country's holding (ANSA) is at risk.
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