Thousands of people subsequently took to the streets, calling for their money to be returned and demanding accountability from those responsible. Demonstrations were also held outside Peña’s residence. (AP Photo/Ted Shaffrey, File)
\n\nFormer Paraguayan president Santiago Peña has been charged with breach of trust, influence peddling and embezzlement in connection with the collapse of Ueno, one of the country’s biggest banks. The charges come amid widespread protests by depositors demanding the return of their savings.
\n\nPeña, a political ally of US President Donald Trump, appeared before prosecutors in Asunción on Saturday for questioning over his alleged role in the banking crisis. He has denied all allegations and was placed under house arrest after being removed from office amid growing public outrage.
\n\nThe collapse of Ueno left approximately three million people, or more than 40 per cent of Paraguay’s population, unable to access their savings, salaries and pension funds. The country’s central bank took control of the lender on Tuesday after declaring it insolvent, prompting panic among customers and long queues at branches across the capital.
\n\nThousands of people subsequently took to the streets, calling for their money to be returned and demanding accountability from those responsible. Demonstrations were also held…
Original source: https://www.timesnownews.com/latest-news
