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Paraguay Orders Arrest of Ousted President Peña After Bank Collapse

Paraguay Orders Arrest of Ousted President Peña After Bank Collapse

By Ahmed Abdelsalam

Paraguay prosecutors have ordered the arrest of ousted President Santiago Peña and the former central bank chief in connection with a bank collapse, the Associated Press reported on Friday.

Investigation into financial collapse

The arrest warrants were issued as authorities investigate the failure of a major bank that triggered a financial crisis. Peña was removed from office prior to the prosecutors' action.

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