Paraguay Senate dismisses President Santiago Pena over bank crisis
Paraguay’s Senate has ousted President Santiago Pena over the collapse of a major bank tied to his government. Millions of customers' accounts are frozen, with public pension and health care funds also tied up.
Paraguay's Senate voted overwhelmingly to impeach President Santiago Pena on Friday, dismissing him for misconduct in office related to the banking crisis. The move came after the collapse of the country's largest digital lender, Ueno, which left millions of people unable to access their deposits. Pena, who had already resigned earlier in the week, was stripped of his lifetime Senate seat and immunity granted to former presidents.
Vice President Pedro Alliana will now serve the remainder of Pena's term, which ends in August 2028. The impeachment followed mounting pressure over the bank's collapse, with the Senate accusing Pena of conflicts of interest, misuse of pension funds, and institutional cover-ups. Prosecutors have ordered Ueno's ouster, along with former central bank chief Carlos Carvallo, to face criminal investigation.
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- Could Paraguay’s banking crisis spill over into Argentina? buenosairesherald.com
- Paraguay’s Pena impeached over banking crisis freemalaysiatoday.com
- Paraguay’s President Pena impeached over Ueno banking crisis, placed under house arrest scmp.com
- Paraguay Senate dismisses President Santiago Pena over bank crisis dw.com
- Why is Paraguay facing a banking and political crisis? aljazeera.com
