Paraguay President to Face Impeachment over Banking Scandal
Opposition lawmakers say the banking scandal affected millions as the Senate weighs whether Peña gets more time to answer impeachment charges.
- On Friday, President Santiago Pena requested a 72-hour extension to prepare his impeachment defense, claiming he received a 15-page indictment with around 300 pages of appendices only the evening before.
- The crisis erupted Tuesday when the Central Bank seized Ueno Bank over solvency breaches, freezing accounts for around 3 million customers, nearly half the country's population.
- Thousands of demonstrators gathered in Asuncion for a third consecutive night on Thursday, demanding their money back as authorities arrested eight bank executives and Carlos Carvallo, the Central Bank president, resigned.
- Although President Pena tendered his resignation on Thursday, the Paraguayan Congress halted it to pursue impeachment proceedings, preventing him from gaining automatic immunity as a senator for life.
- Senate President Basilio Nunez confirmed the Senate is examining Pena's extension request on Friday, while The Attorney General investigates his former ties to Grupo Vasquez, which held majority control of Ueno Bank.
65 Articles
65 Articles
Paraguay president to face impeachment over banking scandal
Paraguay's Senate on Friday rejected President Santiago Pena's bid to delay his impeachment trial over a banking scandal that has seen millions of people temporarily lose access to their deposits.Senate President Basilio Nunez said Pena's bid for a three-day delay to prepare his defense "did not receive the necessary votes, so the extension is rejected."He...
A large majority of senators rejected the 72-hour extension requested by the President; political trial progresses
Radio France Internationale
rtl.luParaguay president, facing impeachment, seeks more time to prep defense
The crisis erupted on Tuesday, when the Central Bank took control of Ueno Bank over fears for its solvency and froze the accounts of around three million customers, nearly half the country's population. Pena, who previously owned a stake in a group that controlled the bank, tendered his resignation on Thursday, but Congress put his resignation on hold while the impeachment process moves forward. Writing on X, the 47-year-old president, an econom…
The former president of Paraguay, Santiago Peña, argued that the time he was given to respond to the accusations was insufficient and violated his guarantees of due process.
Paraguayan President Santiago Pena, who faces impeachment over a banking scandal that has affected millions of people, asked on Friday for an additional three days to prepare for the process.
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