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2026-11-08T18:37:45.000Z

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Paraguay leader jailed

Paraguay leader jailed

Paraguay’s prosecutor’s office ordered the pretrial detention of ousted President Santiago Peña and charged him with breach of trust and abuse of office for personal gain in connection with the collapse of Oino Bank. Prosecutors say he directed millions of dollars in government deposits to the bank and concealed its financial problems. His lawyer denies the charges. Prosecutors also sought the arrest of former central bank governor Carlos Carvalho and the freezing of his assets. The bank’s collapse, after its solvency fell to less than half the required minimum, led to the freezing of deposits belonging to around three million people—nearly half the country’s population. The central bank said that more than 50% of affected customers had recovered their money.

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