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 unanimously 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.
Paraguayan President Santiago Peña has been impeached and placed under house arrest following the collapse of a digital bank linked to his private business interests. The impeachment, which passed with a unanimous vote in Paraguay's Senate, alleges that Peña engaged in conflicts of interest, manipulated regulatory oversight, diverted pension funds, and participated in an institutional cover-up.
The digital bank's collapse has left more than half of Paraguay's population without access to their savings, prompting widespread protests in the capital, Asunción. Vice-President Pedro Alliana has been sworn in as interim President, promising to compensate the affected citizens. Peña is set to be questioned on Saturday over allegations of breach of trust, influence peddling, and misappropriation of funds.
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