Paraguay's Former President Faces Prosecutors After Removal Over Ueno Bank Collapse

According to CNBC, former Paraguayan President Santiago Peña was questioned by prosecutors Saturday after Congress removed him over the collapse of Ueno Bank. Prosecutors had ordered the arrest of Peña and former Central Bank chief Carlos Carvallo on Friday as part of a criminal investigation into alleged breach of trust and other offenses. Regulators seized Ueno Bank three days before Peña's removal, freezing access to savings for nearly 3 million customers. The Central Bank said Saturday that 1.2 million customers had received partial or full reimbursement of insured deposits.