Crack Ueno Bank in Paraguay, the former president accused of criminal conspiracy

The Public Prosecutor's Office of Paraguay has officially indicted former president Santiago Pena for the Ueno Bank collapse. The accusation, a note reports, is that of 'criminal association' and Pena also includes the former president of the Central Bank, Carlos Carvallo, the former superintendent of the Banking System and three members of the Board of Directors of the monetary institution.

According to the prosecution's theory, we read, "the defendants were part of an organized structure characterized by a division of roles - which involved representatives of the executive power and the Central Bank - with the alleged objective of favoring the interests of a business conglomerate attributable to the Vázquez Group and Ueno Bank".