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Ex-Paraguayan President Faces Up To 15 Years in Prison Over Bank Scandal
Former Paraguayan President Santiago Peña, a pro-Israel advocate, faces up to 15 years in prison for alleged abuse of trust and personal gain related to the Banco O'Ona scandal. His impeachment and arrest followed the bank's collapse, which affected millions and involved public funds.
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What happened
- 01Former Paraguayan President Santiago Peña faces up to 15 years in prison over the Banco O'Ona scandal.
- 02Peña, a pro-Israel supporter who moved his country's embassy to Jerusalem, was impeached and arrested.
- 03The Banco O'Ona collapse impacted three million clients and involved public funds, sparking protests.
- 04Prosecutors allege Peña abused his trust and acted for personal gain by interfering with public deposits.
- 05He is currently detained at a presidential guard facility in Asunción.
Prosecutors allege Peña interfered with public deposits due to his past financial ties to the bank's parent group.
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