Why was Paraguayan President Santiago Peña impeached and placed under house arrest? All about the case and its fallout
Santiago Peña was ousted by the Senate over the collapse of a government-linked bank that locked nearly half the country’s 6 million people out of their savings, reports claimed.
Paraguayan President Santiago Peña was impeached and placed under house arrest following the collapse of Ueno Bank, a government-linked institution that left nearly half of the country's 6 million people without access to their savings. The impeachment was prompted by allegations that Peña used his political influence to steer public funds into the bank while regulators overlooked risky lending practices.
Lawmakers accused him of misusing state pension funds and granting Carlos Carvallo, who previously ran a finance company that became Ueno, a position at the central bank. Peña was charged with breach of trust, influence peddling, and using public office for personal gain, with sentences ranging up to 10 years in prison.
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- Paraguay President Santiago Peña Ousted & Placed Under House Arrest After Ueno Bank Collapse; Vice President Sworn In As Successor freepressjournal.in
- Paraguay president ousted and placed under house arrest, successor sworn in channelnewsasia.com
- Paraguay bank collapse sees president impeached, arrested rte.ie
- Paraguay's impeached president Peña put under house arrest lemonde.fr
- Paraguay President Impeached, Placed Under House Arrest Over Bank Scandal ndtv.com
- Paraguay ex-president Peña placed under house arrest after impeachment jpost.com
- Crisis-hit Paraguay impeaches president, replaces him with VP japantimes.co.jp
- Paraguay's president impeached after collapse of bank bbc.co.uk
