Tuesday, 02 January 2024 12:17 GMT

Paraguay Court Detains Impeached Peña Over Bank Collapse Arabian Post


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(MENAFN- The Arabian Post) clearfix"> Paraguay's former president Santiago Peña was ordered into pretrial detention on Saturday after prosecutors charged him with breach of trust and administration for personal gain over the collapse of digital lender Ueno Bank.

Judge Humberto Otazú ordered Peña held at a military facility in Asunción, saying detention was necessary to prevent him leaving the country while investigators examined his dealings with the bank. The court also ordered assets linked to Peña frozen.

The criminal proceedings followed Friday's unanimous Senate vote removing Peña from office amid mounting anger over Ueno's failure, which has prevented millions of customers from accessing their deposits. Vice-president Pedro Alliana has assumed the presidency and is expected to serve the remainder of the term ending in 2028.

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The Arabian Post

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