AGP Executive Report
Last update: 4 hours agoUeno Fallout: Paraguay’s banking crisis has toppled former President Santiago Peña, who is now in pretrial detention after prosecutors charged him with breach of trust and alleged self-dealing. Ueno Bank’s collapse froze access to savings for nearly 3 million customers; Peña denies wrongdoing. Expanding Probe: Prosecutors raided a property linked to Peña in San Bernardino on Sunday and are investigating whether public and pension funds were steered to Ueno. Authorities have also seized luxury vehicles, aircraft, a yacht and documents in the case. Depositor Relief: The Central Bank says about 1.2 million customers have received payments through the deposit guarantee system, while many remain without access to their funds. New President Pedro Alliana has pledged full compensation. Business Confidence: The crisis has disrupted household finances and small businesses, while raising fresh concerns about banking oversight and trust in Paraguay’s financial system.
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