Paraguay Senate votes to remove President Santiago Peña from office following Ueno bank collapse
The unanimous vote strips Peña of immunity as prosecutors investigate public deposits and alleged insider lending tied to Ueno Bank.
- On Friday, the Paraguay Senate voted unanimously to remove Paraguayan President Santiago Peña from office, convicting him of misconduct tied to the collapse of Ueno Bank.
- Regulators seized Ueno Bank on Tuesday, locking nearly 3 million customers out of their savings after lawmakers accused Peña of steering more than $800 million in public funds into the institution.
- Impeachment charges cited Peña's prior stake in the bank's holding company, which he divested under pressure last year, and his appointment of a former Ueno executive to run the central bank.
- By convicting Peña instead of accepting his resignation, senators stripped him of the lifetime Senate seat and parliamentary immunity typically granted to outgoing leaders, leaving him vulnerable to prosecution.
- Vice President Pedro Alliana is set to succeed Peña as prosecutors continue criminal investigations targeting the former president and central bank officials regarding the bank's collapse and public fund misuse.
35 Articles
35 Articles
The Paraguayan Senate unanimously approved the impeachment of President Santiago Peña on Friday, early interrupting the 47-year-old government of the former economist of the International Monetary Fund (IMF). The decision, in practice, removes Peña from office and suspends all constitutional guarantees to which he would have been entitled if he had completed his term of office or resigned, such as a life chair in the Senate and a privileged foru…
Paraguay's Senate found the President of the country, Santiago Peña, guilty of impeachment and ordered his removal from office as Head of State. "The accused is unanimously found guilty and is legally removed from the office of President of Paraguay," says Parliament's statement in X. Senat Paraguay, which unanimously supported impeachment by the Head of State. 44 senators voted in favour of the conviction and one legislature was absent. Accordi…
Sponsored by former President Horacio Cartes, he came to the presidency as a face of renewal of the Colorado Party, but ended up deposed after losing the support of his formation
Congress unanimously approved the departure of Santiago Peña from office; Vice President Pedro Alliana will assume the leadership of the country.
Peña has been involved in the fall of the Ueno bank, which has sparked citizen protests
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