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Financial Corruption Scandal Forces Paraguay to Intervene in More Banks

LADB Article ID: 56035
Category/Department: Paraguay
Date: 1995-07-13
By: LADB Staff

Since mid-June, President Juan Carlos Wasmosy's administration has been forced to take over five more private financial institutions to keep those firms from collapsing as a result of the corruption scandal that exploded in the national banking system in April.

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