‘Very strange, very sad’: Paraguay bank collapse fells a presidency and leaves millions broke

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Santiago Peña charged over alleged role in crisis as prosecutors request he be placed in preventive custody

Pedro Volpe had just woken up last Tuesday when he saw a message from a friend asking whether his bank account was down too.

It was a day after payday, and Volpe, 50, a writer and lawyer, opened his banking app and panicked: he could not even see his balance.

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