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Paraguay’s ousted president charged over banking scandal

Ousted Paraguayan president charged in banking scandal signals political instability.

What happened: Paraguay's former President Santiago Pena was charged with breach of trust and administration for personal gain over a banking scandal, after being impeached and placed under house arrest. Key numbers: Ueno received more than $800m in public funds; the state pension fund deposited $355m at Ueno; nearly three million people could not access savings; 1.2 million Why it matters: The bank's collapse sparked days of protests, some violent, and a political crisis. Prosecutors seek pretrial detention for Pena and former central bank head Carlos Carvallo, who was also charged. Coverage: 5 outlets in 24h
Paraguay's former President Santiago Pena was charged with breach of trust and administration for personal gain over a banking scandal, after being impeached and placed under house arrest.
The bank's collapse sparked days of protests, some violent, and a political crisis. Prosecutors seek pretrial detention for Pena and former central bank head Carlos Carvallo, who was also charged.
Sources