Suryaa Now International News Desk: Legal trouble is deepening for former Paraguay President Santiago Peña in connection with the collapse of Ueno Bank. The Paraguay prosecutor's office has newly registered an additional charge of criminal association against him in this financial scam. Peña is already facing serious allegations including abuse of power and breach of trust, making the case even more complex.
The crisis unfolded after Ueno Bank, a digital lender, abruptly collapsed a few days ago, leaving lakhs of depositors without their funds. The situation triggered widespread public anger and street protests across Paraguay. In response, Parliament urgently introduced an impeachment motion and removed Santiago Peña from office. Following his removal, his presidential immunity was revoked, and a court immediately remanded him to pre-trial custody for questioning.
Prosecutors contend that prior to the collapse of the bank, Peña was involved in diverting government and pension funds to the institution and sanctioning loans in violation of regulations. Legal experts state that if the newly added charge of criminal association is proven, he could face a longer prison term. Meanwhile, authorities revealed that investigations have also been intensified into several other corporate and bank executives involved in the scam.
