Police raid home of ex-President of Paraguay

Asuncion, Paraguay Police in Paraguay raided the home of ex-president Santiago Pena as part of a probe into a banking crisis that triggered his dismissal from office and criminal charges against him. Authorities last week intervened to seize Ueno Bank, a popular online lender that held accounts for nearly half of Paraguay’s 6.5 million people, plus more than $800 million in government funds. Paraguay's ousted President charged with crimes linked to collapse of major bank Paraguay's ousted President charged with crimes linked to collapse of major bank In a farewell message released shortly before he was ousted on Friday (November 6), Mr.

Peña expressed hope his departure would spare Paraguay further harm Paraguay's ousted President charged with crimes linked to collapse of major bank storyline 1 Its collapse rocked this small, normally stable country, leading to street protests. Mr. Pena is now being held in custody at a military facility.

Mr. Pena, who came to power in 2023, owned shares in the bank’s holding company, Ueno Holding, until he sold them last year.