Paraguay's president impeached after collapse of bank
Summary
Paraguay's Senate voted to impeach President Santiago Peña after the collapse of Ueno Bank, and he was placed under house arrest. Vice-President Pedro Alliana was sworn in as interim president, while prosecutors prepared to question Peña over alleged financial and misconduct offenses.Key Facts
- The Senate voted 44 to 0 to impeach Peña, with one senator absent.
- Senate President Basilio Núñez said Peña was found guilty of dereliction of duty.
- Peña had offered to resign the day before the impeachment vote.
- The article says Peña held shares in the company that owned Ueno Bank until last year; he has denied wrongdoing.
- The charges allege conflicts of interest, interference with regulatory oversight, diversion of pension funds, and a cover-up involving the central bank.
- Prosecutors planned to question Peña over alleged breach of trust, influence peddling, and misappropriation of funds.
- The article says about three million depositors could not access their savings and pensions after the bank was seized by Paraguay's central bank.
- Alliana said he would serve as interim president until 2028 and promised compensation for people affected by the financial collapse.
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