SignalGeopolitics
Paraguay’s ousted president charged over banking scandal
Ousted Paraguayan president charged in banking scandal signals political instability.
Context
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
What changed
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.
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.