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Police raid home of ex-President of Paraguay

The Hindu Nov 09, 2026 at 07:41 AM IST World
Police raid home of ex-President of Paraguay

AI summary

Paraguayan police raided the home of ex-President Santiago Peña amid a probe into the Ueno Bank collapse that led to his dismissal. Prosecutors accuse Peña of steering government funds to the lender and concealing its financial instability while holding personal loans.

Key takeaways

  • Police raided Peña's home as part of the investigation into the Ueno Bank crisis.
  • Peña is accused of using presidential influence to direct government deposits to the bank.
  • The Senate dismissed Peña, and Vice-President Pedro Alliana assumed the presidency.
  • The government has reimbursed approximately $158 million to affected Ueno Bank customers.
Read the original at The Hindu

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