Paraguay's Former President Faces Prosecutors After His Removal over Bank Collapse
Authorities began questioning the former head of state as reports indicate that 3 million customers remain unable to access their savings following the digital bank's failure.
- 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.
27 Articles
27 Articles
Asunción, 7 Nov (EFE).- Former Paraguayan President Santiago Peña, who was dismissed the day before in a political trial, was transferred this Saturday to the Public Prosecutor's Office, hours after his arrest as part of an investigation into the alleged breach of confidence following the fall of Ueno bank, an entity with which the now ex-mandatario is linked and in which millions of public funds were invested during his administration. Peña arr…
Paraguay ex-president under questioning in banking scandal
Pena, who is being investigated for breach of trust, influence peddling and embezzlement, entered the attorney general's office in the capital Asuncion through a side door shortly after 11:00 am (1400 GMT). The prosecutor in charge of the probe, Christian Benitez, said that Pena could be formally charged as early as Saturday afternoon. Senators voted unanimously on Friday to remove Paraguay's youngest-ever president from office, three days after…
Paraguay’s former president faces prosecutors after his removal over bank collapse – WTOP News
Paraguay’s former president was taken to the attorney general’s office for questioning Saturday, just hours after being ousted by Congress over the collapse of a major bank. The Central Bank said it was working to compensate hundreds of thousands of people who were locked out of their accounts this week. Drone footage taken by Paraguay’s...
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