Paraguay's ousted President charged with crimes linked to collapse of major bank
AI summary
Paraguayan prosecutors have charged ousted President Santiago Peña with breach of trust and personal gain related to the collapse of Ueno Bank. A judge ordered his detention at a military base pending investigation, while the nation faces significant political unrest and economic disruption.
Key takeaways
- Prosecutors charged former President Peña with two crimes linked to the Ueno Bank collapse.
- A judge ordered Peña detained at a military base to ensure compliance with the probe.
- The bank failure froze accounts for nearly three million customers, triggering a political crisis.
- Thousands of protesters have clashed with police, demanding access to their frozen savings.
Read the original at The Hindu
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