Paraguay’s former president charged after bank collapse
Prosecutors in Paraguay have charged former president Santiago Peña over his alleged role in a banking scandal that led to his impeachment.
Former Paraguayan President Santiago Peña has been charged with breach of trust and misusing government positions for personal gain, according to prosecutors. Peña's impeachment followed the collapse of Ueno Bank, which left over half of the country's population without access to their accounts. Peña denies all wrongdoing and argues the charges are "reckless accusations."
The collapse of the digital bank triggered a financial crisis, leading to long lines of people trying to withdraw their savings and pensions. Peña's deputy, Pedro Alliana, has been appointed as interim president, vowing to compensate the affected citizens.
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