Paraguay's Peña ousted and held after Ueno Bank collapse

Paraguay's Peña ousted and held after Ueno Bank collapse

Paraguay's President Santiago Peña was impeached and placed under house arrest after the collapse of Ueno Bank froze the accounts of nearly 3 million customers, about 60% of the adult population. The central bank seized the insolvent digital lender, triggering mass protests. Peña, accused of conflicts of interest over his past stake in a linked conglomerate, denies wrongdoing.

Source: theguardian.com

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