Paraguay President Peña under investigation, faces removal from office over bank collapse
- On Friday, the Paraguayan Senate rejected President Santiago Peña's resignation offer and moved forward with impeachment proceedings, leaving him provisionally in office pending trial.
- Regulators seized Ueno Bank on Tuesday after discovering the solvency ratio had fallen below half the legal minimum, freezing deposits for nearly 3 million customers.
- Prosecutors charged 27 bank officials with breach of trust and fraud, while thousands of protesters gathered in Asunción demanding "Give us back our money."
- Congress passed emergency legislation on Wednesday establishing a state guarantee fund, which began repaying small depositors up to $1,600 on Thursday.
- Vice President Pedro Alliana announced Saturday that the government would ensure pension payments and annual bonuses continue, coordinating with the Social Security Institute to stabilize the financial system.
306 Articles
306 Articles
Investigators do not rule out using explosives to access an underground compartment protected by a sophisticated security system, as doubts grow about the privileges granted to the former president during his detention.
Justice finds a secret bunker whose technology requires Peña’s own eye to open up. Authorities don’t know what’s hidden behind the steel, or how to bypass it without blowing it up.
Paraguay announced on Monday that it had launched steps with the United States, Luxembourg and Argentina to find the funds hijacked in the banking scandal that caused the removal of President Santiago Peña. ...
Paraguay prosecutors weigh blowing up vault in ousted president’s mansion
Credit: Fiscalia de ParaguayParaguayan prosecutors are weighing whether to dynamite their way into a high-security vault hidden behind a false wall in the country mansion of former president Santiago Peña, after failing to get past its biometric locks.
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