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A Country’s President Led to a Bank’s Stunning Rise, and Its Fall

9 novembre 2026 à 09:43
Prosecutors accused President Santiago Peña of Paraguay of funneling nearly a billion dollars of government funds to the Ueno bank as its executives made reckless insider loans.

© Jorge Saenz/Associated Press

Protesters gathered outside the home of Santiago Peña, the president of Paraguay, in Asunción, the country’s capital, on Friday.

Prosecutors Charge Paraguay’s Former President With Corruption

7 novembre 2026 à 15:17
Santiago Peña was impeached, removed from office, placed under house arrest and charged with using his office to enrich himself after a bank with close ties to his administration went under.

© Daniel Duarte/Agence France-Presse — Getty Images

Police officers outside a Ueno bank building in downtown Asunción, Paraguay’s capital, on Friday.

Paraguay’s President, Santiago Peña, Quits Amid Ueno Bank Scandal

5 novembre 2026 à 16:37
The president of the South American nation, Santiago Peña, has apologized for failing to prevent its worst financial crisis in decades.

© Brendan Smialowski/Agence France-Presse — Getty Images

President Santiago Peña of Paraguay at the United Nations in New York in September.
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