Paraguay police raid ex-president Pena's home in banking probe

manilatimes.net —

Police in Paraguay raided the home of former president Santiago Pena as part of an investigation into a banking crisis that led to his dismissal and criminal charges. Pena is accused of using his presidential influence to direct government deposits to Ueno Bank, where he previously owned shares, and of concealing its financial problems. He is currently held in custody at a military facility. The bank's collapse froze funds for nearly half of Paraguay's population, prompting street protests. The Senate dismissed Pena on Friday, and Vice President Pedro Alliana has begun reimbursing affected customers.


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