Paraguay swears in new president as Peña is put under house arrest
Lawmakers cited his links to the collapsed digital lender as prosecutors prepared charges that could bring up to 10 years in prison.
- On Friday, the Senate unanimously impeached Paraguayan President Santiago for malfeasance in office, placing him under house arrest following the collapse of Ueno Bank.
- Paraguay's central bank seized control of Ueno Bank on Tuesday, citing a failure to meet legal solvency standards, which triggered the political crisis.
- The collapse left about 3 million customers without access to their money, sparking widespread protests across Asunción as citizens demanded accountability.
- Vice President Pedro Alliana was sworn in Friday to serve until August 2028, immediately announcing plans to compensate citizens who lost funds.
- Appearing before Prosecutors on Saturday, Paraguayan President Santiago faced trial for breach of trust, stating, "I want to apologize to the Paraguayan people if I have failed you.
281 Articles
281 Articles
BT
Santiago Peña was ousted as president on Friday. He is accused of abuse of power in a bank collapse case.
Het Laatste Nieuws
De MorgenIn Paraguay, Santiago Peña, the president who was ousted on Friday following a major banking scandal, is in pretrial detention. The judiciary is investigating his role in the scandal. The former head of the central bank has also been arrested.
Pena tests for nearly 3 hours at Attorney General's Office following arrest
Paraguay's ousted president Peña ordered detained over collapsed lender
A Paraguayan court ordered former president Santiago Peña into pretrial detention over alleged links to ueno. The case deepens a political and financial crisis following the digital lender's collapse.
The spokesman-Review
Judge orders Paraguay's ex-president Peña held before trial
ASUNCION, Paraguay – A Paraguayan judge on Saturday ordered former President Santiago Peña held in pretrial detention at a military facility while prosecutors investigate his ties to digital lender ueno, whose collapse has left millions of customers struggling to access their accounts. Judge Humberto Otazú ordered Peña, who has been charged with breach of trust and administration for personal gain, held at the facility, saying detention was necessary to ensure he remained in the country while the case proceeded.
Former Paraguayan President Santiago Peña Remains in Pretrial Detention, Charged with Banking Crisis
Peña was charged with an alleged breach of trust and administration for his own benefit.
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