The President of Paraguay states that compensation has already been provided to almost 95% of those affected by the collapse of Ueno Bank.

Pedro Alliana announces that almost 95% of the savers affected by Ueno Bank has already been paid, amid a political crisis over the dismissal of Peña.

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The President of Paraguay, Pedro Alliana, reported this Tuesday that the authorities have managed to pay compensations to “almost” 95% of the depositors harmed by the collapse of Ueno Bank, an episode that has triggered a serious political crisis in the country and has led to an ‘impeachment’ against the already former president Santiago Peña, who is currently imprisoned for this scandal.

“Fellow countrymen: A few days before the resolution of Ueno Bank, we responded with deeds: we completed the payment to almost 95% of the depositors. The remaining amount will be paid by tomorrow, in accordance with the Congress law,” the leader said in his social networks, stressing that the repayment process is aligned with the regulations approved by the Legislative.

Alliana, who took office last Friday, only a few hours after the Senate approved Peña’s removal, has detailed that “we paid 1,740,000 depositors, equivalent to 330 million dollars from the Deposit Guarantee Fund.” In this way, he has sought to highlight the number of people reached by the protection mechanism and the amount mobilized to cover the deposits.

In another message, the head of State issued a specific warning to the most sensitive groups, assuring: “Contributors and retirees of the public sector: the recovery of pension resources will have priority. We are going to work until each family recovers the peace of mind it deserves”. With these words, he insisted that the return of funds of a pension nature will be one of the cornerstones of his administration.

The Congress set the political impeachment trial process in motion against Peña after rejecting his resignation, which would have allowed him to keep his immunity as a lifetime senator. After the vote that resulted in his leaving office last Friday, the former president was arrested by order of the Prosecutor’s Office and, the next day, he entered pretrial detention, charged with alleged breach of trust and administration in his own favor in relation to the Ueno Bank case.