ASUNCION (Paraguay), Nov 7 (Bernama-AP) -- Ousted Paraguayan President Santiago Pena was placed under house arrest Friday on suspicion of breach of trust, shortly after the Senate removed him from office over the collapse of a major bank tied to his government, the Associated Press (AP) reported.
Ousted Paraguayan President Placed Under House Arrest After Bank Collapse
Paraguay, Santiago Pena, Ueno Bank, house arrest,
Key takeaways
Ousted Paraguayan President Santiago Pena was placed under house arrest on suspicion of breach of trust following a major bank collapse.
- Pena was removed from office by the Senate over misconduct related to a bank collapse.
- Regulators took over Ueno Bank, affecting nearly half of Paraguay's population.
- Pena is under house arrest and will appear before an economic crimes unit.
Summarised automatically by AI from the original article by Bernama. AI can make mistakes, so check the original for details.
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