Paraguayan Justice Orders Arrest of Santiago Peña Over Ueno Bank Crisis
Follow the details of Santiago Peña's arrest and asset freeze ordered by Paraguayan Justice following the financial scandal at Ueno Bank.
TL;DR
- Former Paraguayan President Santiago Peña has been arrested and his assets frozen by the Justice system.
- The measures follow an investigation into irregularities at Ueno Bank, with alleged damages totaling $809.5 million.
- Peña is accused of using public office to favor the bank and maintaining financial ties while in power.
- The crisis led to bank account blockages for 3 million clients, causing protests and Peña's resignation and impeachment.
- Investigations also revealed large loans granted to Peña for personal residence construction, with monthly payments exceeding his declared salary.
- Assets of bank executives, including luxury items, have also been seized.
- New President Pedro Alliana has taken office and promised to aid affected clients.