Al Jazeera: Former Paraguay President Peña Faces New Criminal Charges Over Ueno Bank Collapse
According to Al Jazeera, Paraguayan prosecutors announced on Friday that they have filed additional charges of criminal association against former President Santiago Peña in connection with the collapse of Ueno Bank. These charges pertain to allegations regarding his involvement in the bank's financial troubles and do not constitute a conviction. Prosecutors stated that related assets have been located abroad and steps are being taken to request their freezing, though the country where the assets are located was not specified. The report also noted that Fitch Ratings has placed Paraguay's sovereign credit rating on Rating Watch Negative, though the rating has not yet been downgraded.
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