Paraguay jails ex-president over banking scandal that froze millions in deposits

ethnos.gr (Greek) —

Paraguay's former president Santiago Peña has been remanded to a military facility over a banking scandal that left nearly 3 million citizens unable to access their deposits. The 47-year-old faces charges of breach of trust, personal gain in office, and undue favoritism toward the bank under investigation. He was impeached by the Senate on Friday, accelerating his detention after a period of house arrest. The collapse of a bank founded in 2021 triggered widespread economic disruption and mass protests demanding accountability. Authorities say efforts are underway to restore depositor access while the judicial investigation continues.


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