Prosecutors in Paraguay have raided the brokerage arm of the collapsed digital bank Ueno and recovered torn-up documents. Images released by prosecutors showed shredded papers, including what appeared to be fragments of due diligence reports and emails.
The raid on Monday (8 November) widened an investigation that has moved fast since the Central Bank of Paraguay (CBP) seized Ueno on 3 November. Prosecutors have charged 27 bank officials and associates with breach of trust and attempted fraud.
Santiago Peña was removed as Paraguay’s President on Friday (6 November). He and former CBP chief Carlos Carvallo, who both had business ties to Ueno, have been charged with breach of trust and administration for personal gain. Both are in pretrial detention and deny wrongdoing.
Carvallo ran the finance company that became Ueno until Mr Peña appointed him to lead the CBP in 2023.
Local media said prosecutors were looking for equipment to open a high-security vault found at a property linked to Peña. A separate team searched his home in the country’s capital Asunción.
Congress approved economist Jorge Schreiner as the new CBP Governor on Monday. He was nominated by the newly sworn-in President Pedro Alliana. Fernando Rivarola, a former banking regulator, joins the bank’s board. Rivarola’s July warning about Ueno, later leaked to local media, triggered the crisis.
Schreiner told lawmakers that the authorities had reacted too late and that the CBP had failed to resist political power. He said restoring its credibility would take time.
Ueno said it had three million customers, about 60 per cent of Paraguay’s adults, and managed $800 million of public money, including about $380 million from the state pension and health fund. Millions of customers have struggled to reach their funds since the bank’s seizure.
Prosecutors have asked the U.S., Luxembourg and Argentina for help tracing assets linked to the bank. Carlos Henrique Junior, an adviser at the brokerage Freex, said that the response of authorities would be crucial to containing contagion and protecting the sector’s credibility.
Prosecutors in Paraguay have raided the brokerage arm of the collapsed digital bank Ueno and recovered torn-up documents. Images released by prosec...
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The gunman who allegedly killed six people in Poland’s unprecedented mass shooting in central Kraków on Saturday has died in hospital, police said early Monday. The attacker had demonstrated advanced military-style marksmanship skills, according to a spokesperson for the shooting club he attended.
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The Saudi-led coalition fighting Yemen's Houthis said it intercepted and destroyed two ballistic missiles fired by the Iran-aligned group towards Riyadh on Sunday (8 November), after loud booms were heard in the Saudi capital. The Aramco building was damaged by falling debris.
Azerbaijan is marking the sixth anniversary of Victory Day on Sunday, 8 November, with President Ilham Aliyev visiting the Victory Monument in Khankendi, laying a wreath and paying tribute to servicemen killed during the 44-day Second Garabagh War in 2020.
Russia and Ukraine are set to return to Abu Dhabi on Tuesday for a fourth round of U.S.-brokered peace talks, with European participation, security guarantees and territorial disputes expected to shape the negotiations.
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The EU’s top diplomat says Moscow has shown no goodwill ahead of Abu Dhabi talks, while France unveils a G7-backed network linking 14 ports against drug trafficking.
Paris summons Tehran’s envoy and seeks EU sanctions after hackers overrode refrigeration units at 700 sites, starting at least 15 fires.
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