How a Bank Implosion in Paraguay Ensnared a President

Prosecutors accused President Santiago Peña of funneling nearly a billion dollars of government funds to the Ueno bank as its executives made reckless insider loans.

By Adam B. Ellick and Laurence Blair · The New York Times – World

Prosecutors accused President Santiago Peña of funneling nearly a billion dollars of government funds to the Ueno bank as its executives made reckless insider loans.