Paraguayan Prosecutors Charge Former President Santiago Peña Over Bank Collapse

Paraguay · Latin America + Caribbean region

Paraguayan prosecutors have charged former President Santiago Peña and requested his pre-trial detention following the collapse of Ueno Bank. The bank failure froze the savings of nearly three million customers. Additionally, former Central Bank president Carlos Carvallo has been charged and is currently in custody.

Single-source report, not yet corroborated.