Ousted Paraguay president under house arrest after bank collapse
Summary
Paraguay’s Senate removed President Santiago Peña from office after the collapse of Ueno Bank froze customers’ savings. Authorities placed Peña under house arrest while he faces allegations including breach of trust and influence peddling; he denies wrongdoing.Key Facts
- All 44 senators present voted to remove Peña for misconduct in office.
- Regulators seized Ueno Bank three days before Peña’s removal, after a solvency crisis froze customers’ savings.
- The article says the crisis left nearly half of Paraguay’s 6 million people unable to access their savings.
- Prosecutors ordered Peña to remain at his home in Asunción until he appears before them on Saturday.
- Lawmakers accuse Peña of directing public funds to Ueno and allowing regulators to overlook risky insider lending.
- Vice President Pedro Alliana was sworn in as president to serve until the term ends in August 2028.
- Prosecutors also ordered the arrest of Carlos Carvallo, who ran the finance company that became Ueno; the article says it was unclear whether he had been detained.
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