Paraguay’s President Santiago Peña impeached and arrested
Paraguay’s President Santiago Peña has been impeached and placed under house arrest after the collapse of a digital bank with links to his private business interests. Peña was arrested on Friday minutes after lawmakers, including from his own party, unanimously voted to remove him from office due to a widening crisis triggered by the collapse [...] The post Paraguay’s President Santiago Peña…
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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