Paraguay President Peña under investigation, faces removal from office over bank collapse
Lawmakers cite misconduct and conflicts of interest as the central bank seizes the lender and freezes accounts for nearly 3 million customers.
- 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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The lawyers of the Paraguayan president, Santiago Peña, said this Friday that the political trial that the president faces in the Senate for alleged bad performance of functions, and that he seeks to remove and remove his rights, in the midst of the crisis unleashed by the intervention of Ueno Bank. The lawyer Adolfo Ferreiro, who went to the plenary ... Continue reading "Paraguay: defense of Peña maintains that political trial is null because t…
Paraguay President Santiago Peña Investigated Over Bank Collapse, Faces Possible Removal from Office
Internewscast Internewscast ASUNCIÓN, Paraguay — Paraguayan President Santiago Peña is facing a criminal investigation… This Post: Paraguay President Santiago Peña Investigated Over Bank Collapse, Faces Possible Removal from Office first appeared on Internewscast
Paraguay: Institutional crisis demands a human rights-centred response
In response to the financial and political crisis triggered by the initiation of resolution proceedings against a financial institution by the Central Bank of Paraguay (BCP), which has sparked public protests and led to impeachment proceedings against President Santiago Peña, Amnesty International calls on the Paraguayan authorities to ensure the protection of those affected, guarantee […]
Paraguay President Peña under investigation over bank collapse, faces removal from office
Paraguayan President Santiago Peña is under criminal investigation following the collapse of a major digital bank, prosecutors announced, as the South American leader prepares to defend himself before the Senate against possible removal from office on Friday.
Paraguay Congress Rejects President Peña's Resignation so It Can Impeach Him
The Congress of Paraguay will continue an impeachment process against conservative President Santiago Peña on Friday, it announced hours after rejecting the president's resignation.
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