Economy - The Fall of Ueno Bank Shakes the Paraguayan Financial System: Where Did the Money Go?
5 Articles
5 Articles
The intervention of Ueno Bank in Paraguay opens questions about the destination of the deposits of millions of users and the return of their savings. The Deposit Guarantee Fund contemplates resources to respond to those affected, but there are legal limits of up to $37,000 per person. To this uncertainty are added about 850 million dollars in public funds that were deposited in the institution, of which approximately 380 million would correspond…
Economist assures TVSUR that this scheme of corruption was not born with the resigning president, as its origins are in the economic program of former president Horacio Cartes to empty the public and enrich power groups
Ueno Bank Paraguay: the collapse of one of the country's main digital banking institutions has opened a financial and political crisis involving about three million customers, between 800 and 850 million dollars of public funds administered by the bank and the president of the Republic of Santiago Peña. The Central Bank of Paraguay started [...] The article Paraguay, Ueno Bank also overwhelms public funds: 850 million dollars under examination a…
The migration of funds from the Social Security Institute (IPS) and state portfolios to Ueno Bank under the government of Santiago Peña allowed it to grow unpublishedly to the Ueno Bank. The entity managed 34% of retirements and pensions. It was a circuit of influences that compromised public savings and the capital of the passive sector. Read more
The Social Security Institute had US$355 million in the entity; the intervention left under review the deposits of several state agencies.
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