The former president of Paraguay could face up to 15 years in prison.

The former president of Paraguay could face up to 15 years in prison.

The former president of Paraguay, Santiago Pena, is suspected of breach of trust and illegal management as part of an investigation into the theft of funds from Oano Bank.

Prosecutors do not yet have enough evidence to charge her with criminal conspiracy, but based on the totality of the crimes charged, she could face up to 15 years in prison.

As part of the investigation, the prosecutor's office sent requests to the European departments to search and freeze the foreign assets of the former president, including in Luxembourg. Assets can be foreclosed at a later date.