Paraguay’s ex-president Pena faces new charge over Ueno bank collapse
Summary
Paraguayan prosecutors charged former president Santiago Pena with criminal association over the collapse of digital bank Ueno. Pena, who denies the charges, was impeached and arrested last week; investigators say they have located assets abroad and are seeking to freeze them.Key Facts
- Prosecutors added criminal association to existing breach of trust and self-dealing charges against Pena.
- Pena is accused of directing millions in government funds to Ueno and concealing or downplaying its financial problems.
- Pena held a stake in Ueno’s holding company until last year.
- Congress impeached Pena after rejecting his attempt to resign, and authorities arrested him shortly afterward.
- Ueno’s collapse blocked customers from their accounts and triggered large protests across Paraguay.
- The prosecutor’s office said investigators located assets abroad but did not identify the countries.
- Three former central bank officials were arrested on Friday over allegations that they knew about Ueno’s problems.
- The Central Bank said it had returned savings to more than 1.8 million Ueno depositors.
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