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Paraguay President Peña under investigation, faces removal from office over bank collapse
Lawmakers pressed ahead with impeachment after regulators seized Ueno and froze accounts used by millions of customers, triggering criminal probes and street protests.
- Paraguayan President Santiago Peña faces a criminal investigation following the collapse of digital lender Ueno Bank, with lawmakers in the Chamber of Deputies submitting impeachment articles citing alleged conflicts of interest and institutional cover-ups.
- Regulators seized Ueno on Tuesday after finding the bank's solvency ratio fell below the legal minimum due to poorly documented insider lending, fueling allegations of preferential treatment under Peña.
- Authorities detained eight senior executives, including founder Miguel Vazquez, while the Social Security Institute held $355 million at the bank; a state guarantee fund aims to repay 97% of clients.
- Peña offered to resign on Thursday, but both houses of Congress rejected the offer, choosing to proceed with an impeachment trial; if removed, Vice President Pedro Alliana would replace him as Paraguay's leader.
- Demonstrators in Asuncion marched against the Colorado Party, viewing the crisis as a case study in systemic corruption, while Attorney General Emiliano Rolón Fernández leads investigations that could reshape Paraguay's political landscape.
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Paraguay's Senate resumes President Peña impeachment proceedings
ASUNCION, Nov 6 - Paraguay's Senate went ahead with an extraordinary meeting on Friday to decide on the future of President Santiago Peña, who had submitted his resignation the prior day. Read more at straitstimes.com.
·Singapore, Singapore
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Paraguay's President Pena resigns as bank collapse sparks protests and impeachment push
Paraguay's President Santiago Pena has resigned amid a crisis over his ties to collapsed lender Ueno. Millions of customers' accounts are frozen, with public pension and health care funds also tied up.
·Bonn, Germany
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Associated Press News+4 Reposted by 4 other sources
Paraguay President Peña under investigation, faces removal from office over bank collapse
Paraguayan President Santiago Peña is under criminal investigation following the collapse of a major digital bank, as the South American leader prepares to defend himself before the Senate against possible removal from office on Friday.
·New York, United States
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Total News Sources7
Leaning Left3Leaning Right1Center3Last UpdatedBias Distribution43% Left, 43% Center
Bias Distribution
- 43% of the sources lean Left, 43% of the sources are Center
43% Center
L 43%
C 43%
14%
Factuality
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