Paraguay: prosecutor accuses former president Santiago Peña of criminal association
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The Public Ministry of Paraguay formalized charges of criminal association against former president Santiago Peña, dismissed a week ago following the financial scandal involving the collapse of Ueno Bank, which sparked protests in Asunción.
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Why It Matters
Santiago Peña was removed from office following impeachment proceedings related to the collapse of Ueno Bank. The Central Bank identified accounting irregularities and a lack of capital at the institution.
The Public Ministry of Paraguay added the charge of criminal association against the former president of Paraguay Santiago Peña, according to a statement released this Friday (13). Peña was removed from office a week ago, following an impeachment process triggered by the financial scandal involving the collapse of Ueno Bank.
The political crisis in Paraguay began after the failure of the digital bank ueno. The institution left millions of customers without access to their accounts. The case sparked protests in Asunción and increased pressure on Peña's government.
The Paraguayan Central Bank intervened in the bank after identifying problems in credit operations and irregularities in asset accounting. The regulatory body also pointed out that the institution did not have enough capital to continue operating.
Open Questions
- What is the specific evidence of criminal association?
- What is the total impact on Ueno Bank depositors?
