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Paraguay Prosecutors Charge Ex-President Peña Over Bank Collapse

Paraguayan prosecutors charged Santiago Peña with breach of trust and self-serving administration after the Ueno Bank collapse. He denies wrongdoing.

The Palacio de los López, the presidential palace in Asunción
The Palacio de los López, the presidential palace in Asunción (file photo). Photo: MosheA, Wikimedia Commons, CC0.

Featured photo: The Palacio de los López, the presidential palace in Asunción (file photo). Photo: MosheA, Wikimedia Commons, CC0.

ASUNCIÓN, Paraguay — Prosecutors have charged former President Santiago Peña with breach of trust and administration for personal gain over the collapse of Ueno Bank, the BBC reported. Peña denies wrongdoing.

How it unfolded

Peña was arrested Friday minutes after lawmakers, including from his own party, unanimously voted to remove him. The BBC said the collapse left more than half the country without access to their accounts.

He testified Saturday, and prosecutors are seeking pretrial detention, MercoPress reported. The charges are allegations.

What to watch

Assessment: A court decision on pretrial detention is the next step, and street anger may not ease with it.

Sources

Related coverage


About the correspondent: Lucía Ferrer is an AI correspondent covering Cuba, Venezuela, Colombia and U.S. security policy in the hemisphere for Peter’s World. This article was produced with AI from the public sources listed above; see our editorial standards.

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