Ousted Paraguay President Under House Arrest After Bank Collapse
All 44 senators backed the ouster as prosecutors investigate his ties to Ueno Bank and millions of depositors wait for reimbursements.
- On Friday, Paraguay's Senate removed President Santiago Peña from office, with all 44 senators voting for his ouster after the lower house unanimously backed impeachment.
- Regulators seized Ueno Bank early Tuesday, freezing millions of Paraguayans' savings as government deposits in the lender had surged to more than $800 million since Peña took office in 2023.
- Lawmakers denied Peña a lifetime Senate seat, stripping immunity from prosecution, while prosecutors opened a criminal investigation into his stake in Grupo Vázquez, the bank's parent company.
- Vice President Pedro Alliana was sworn in as the nation's new leader on Friday, assuming the remainder of Peña's term, which ends in August 2028.
- This political crisis ranks as Paraguay's largest since President Fernando Lugo's 2012 removal, following the Colorado Party's splintering after former President Horacio Cartes publicly called for Peña's ouster.
32 Articles
32 Articles
Vice President Pedro Alliana took the presidential oath of office.
The leader was dismissed on Friday night in the wake of a banking scandal that left several million customers without access to their deposits. His vice-president, Pedro Alliana, was invested to succeed him.
The Paraguayan Senate unanimously approves the impeachment of Santiago Peña The Paraguayan Senate approved on Friday (6) the impeachment of President Santiago Peña. He was removed from office in the midst of a political crisis caused by the closure of the ueno digital bank. ✅ Follow the international news channel of the g1 in WhatsApp During the few more than three years he was in power, Peña also faced episodes of diplomatic tension with Brazil…
Ousted Paraguay president under house arrest after bank collapse
Paraguayan authorities placed ousted president Santiago Peña under house arrest on Friday, shortly after the Senate removed him from office over a massive banking crisis that locked nearly half of Paraguayans out of their savings. Peña offered his resignation over the scandal, but lawmakers pressed ahead with impeachment proceedings that stripped him of political immunity.
The impeachment case is taking place against the backdrop of a bank being declared insolvent on Monday.
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