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

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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