Paraguay Senate removes President Peña after Ueno Bank collapse
Briefing by News4U · First published
NPR World reports that Paraguay’s Senate impeached and removed President Santiago Peña over alleged ties to the Ueno Bank collapse, which froze deposits for 1.8 million customers and left millions without access to funds. The bank had 2.9 million customers and held $355 million from the Social Security Institute. Peña held shares in Ueno Holding valued at around $845,000 and appointed the bank’s former head to lead the Central Bank. Vice President Pedro Alliana was sworn in as successor. [1]
Sources
- How a bank collapse left millions in limbo and toppled Paraguay's president
NPR World · · Excerpt