Big news from Paraguay: prosecutors sought to charge Santiago Pena with "criminal conspiracy" after the collapse of Ueno Bank.
The bank was seized earlier this month for insolvency, which locked tens of thousands of people out of their accounts.
Prosecutors say Pena and former Central Bank chief Carlos Carvallo, Central Bank official Holger Insfran, and three former board members Liana Caballero, Miguel Angel Mora and Marco Aurelio Gonzalez tried to protect Ueno by moving government money into the struggling bank and hiding its real problems.
Ueno collapse affected over $800 million
Ueno's downfall shook Paraguay's financial system, with over $800 million in public funds affected, though most depositors have gotten their money back; a lot is still missing.
Authorities had asked the US Luxembourg, and Argentina for help to find the missing money.
If found guilty, Pena could face up to 15 years in prison.
Efforts are ongoing to recover lost funds and bring some stability back to the country's banking scene.