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Source:
CNN
Crisis Topples Trump Ally
Ueno Bank’s collapse over solvency concerns froze the accounts of nearly 2.9 million customers and triggered Paraguay’s biggest political crisis in years. President Santiago Peña was impeached and removed from office, and now faces charges of breach of trust and administration for personal gain that could carry a combined sentence of up to 15 years; he denies wrongdoing and is in pretrial detention. Vice President Pedro Alliana succeeded him and said recovering depositors’ funds was a priority, with the government having paid most customers about $330 million from the Deposit Guarantee Fund.
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