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Paraguay has plunged into a political and financial crisis after prosecutors charged ousted President Santiago Peña with breach of trust and self-dealing, following the collapse of digital bank Oeno and the freezing of deposits belonging to millions of customers. Prosecutors have sought Peña’s arrest and the freezing of his assets, and are also pursuing former central bank governor Carlos Carvalho. Peña is suspected of directing millions of dollars in government deposits to the bank and concealing the severity of its financial troubles. The Senate removed him unanimously.
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