Paraguay impeaches Pena and charges 27 as BCP resolves failed Ueno Bank tied to huge public sums
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On 3 November BCP began resolution of Ueno Bank after solvency breaches; prosecutors run three probes and 27 face charges over fraud, hundreds of millions in public money, and links to President Santiago Pena. On 5 November Congress refused his resignation, deputies impeached him unanimously, a joint session lacked quorum, the Senate started impeachment, Pena remains president. Grupo Vazquez’s bank opened in 2021 with about three million customers.
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