Paraguay President Impeached and Immediately Arrested Amid Banking Crisis
Summary
The article says Paraguay’s Congress impeached President Santiago Peña after a banking collapse left nearly 3 million people without access to their money. It reports that Peña was placed under house arrest and that Vice President Pedro Alliana took over as president through August 2028.Key Facts
- The article links the banking crisis to the collapse of digital lender Ueno, which it describes as one of Paraguay’s largest banks.
- It says nearly 3 million people, or about 60 percent of Paraguay’s adult population, lost access to their money.
- Impeachment charges reportedly accused Peña of conflicts of interest, misuse of pension funds and cover-ups tied to Ueno.
- The article says lawmakers rejected Peña’s attempted resignation and voted unanimously to impeach him.
- Peña was reportedly placed under house arrest at his residence in Asunción after the impeachment vote.
- Prosecutors planned to question Peña over alleged breach of trust, influence peddling and misappropriation of funds.
- Vice President Pedro Alliana was sworn in and is expected to serve until the presidential term ends in August 2028.
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