Paraguay: Ueno Bank's growth tied to public fund transfers under Peña

An investigation alleges that under President Santiago Peña, public funds from Paraguay's social security institute (IPS) and state portfolios were migrated to Ueno Bank, enabling it to manage 34% of retirements and pensions. The report suggests a network of influence that compromised public savings and pensioner capital. The claims are sourced from a media investigation and have not been independently verified.

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