Prosecutors Find Hidden Vault in Ex-President Peña's Mansion

semana.com (Spanish) —

Paraguayan prosecutors found a hidden vault behind a false wall in a mansion belonging to former President Santiago Peña during a raid on Sunday, November 8, as part of an investigation into the collapse of Ueno Bank. The vault, equipped with a sophisticated Israeli-made security system, could not be opened immediately. The residence, valued at about 7.7 billion guaraníes, was financed through two loans from Ueno Bank in May 2024. Peña faces charges of breach of trust and self-serving administration. Peña was impeached by Congress on Friday following mass protests, with Vice President Pedro Alliana assuming power. Alliana has ordered that affected taxpayers not pay fines or interest, and nearly 1.2 million depositors have received about 158 million dollars in restitution. Ueno Bank was intervened on Tuesday for insolvency, leaving three million clients without access to deposits.


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