Justice decrees preventive detention and asset freeze of Peña for Ueno Bank crisis
Santiago Peña also had assets frozen after testimony about alleged irregularities at Ueno Bank. Read on Gazeta do Povo.
TL;DR
- Former Paraguayan President Santiago Peña and ex-Central Bank chief Carlos Carvallo face preventive detention and asset freezes.
- The investigation concerns alleged irregularities at Ueno Bank, with estimated losses of $809.5 million.
- Peña's financial ties to the Ueno Bank's controlling group and alleged favoritism towards the bank are being investigated.
- Carvallo is accused of dereliction of duty regarding Ueno Bank's financial situation.
- The Ueno Bank crisis, triggered by its resolution on November 3rd, affected approximately 3 million customers.
- Protests erupted demanding the return of funds and accountability from the government.
- Peña resigned on Thursday (5) but faced an impeachment process in Congress, which led to his removal from office on Friday (6).
- Peña was detained shortly after his impeachment and preventive detention was decreed on Saturday (7).