Paraguay’s prosecutors charge Santiago Peña and seek his pre-trial detention over the Ueno Bank collapse

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Paraguayan prosecutors charged former President Santiago Peña and requested his pre-trial detention in connection with Ueno Bank’s collapse, which froze savings belonging to nearly three million customers. Former Central Bank president Carlos Carvallo has also been charged and is in custody; a judge must decide on the detention request.

Paraguayan prosecutors on Saturday charged former President Santiago Peña, removed from office by the Senate on Friday, and requested his pre-trial detention in the case over the collapse of Ueno Bank, which froze the savings of nearly three million customers. A judge must rule on the request. Prosecutors also charged former Central Bank president Carlos Carvallo, who is in custody.