Paraguay arrests ex-President Peña over Ueno Bank collapse

news.mail.ru (Russian) —

Former Paraguayan President Santiago Peña was detained by police in connection with the collapse of Ueno Bank, which froze accounts of about 3 million clients. The arrest followed a prosecutor's warrant charging him with abuse of trust and suspected involvement in fund embezzlement. On November 6, senators unanimously approved impeachment proceedings against Peña, with supporters accusing him of a conflict of interest due to alleged ties to the bank. Paraguay's central bank placed Ueno Bank under external administration on November 3, freezing all accounts. The bank's client base of roughly 3 million represents a significant portion of Paraguay's population of about 7 million. The detention was reported by the newspaper ABC Color.


With a significance score of 1.6, this news ranks in the top 27% of today's 29272 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers: