Paraguay’s president impeached amid bank collapse crisis
Lawmakers have voted to impeach Paraguay’s President Santiago Pena amid a banking collapse that has roiled the country. Prosecutors have opened three criminal investigations into the collapse of Ueno Bank, including allegations involving the president.
Paraguay's President Santiago Pena has resigned amid a crisis over his ties to collapsed lender Ueno. Millions of customers' accounts are frozen, with public pension and health care funds also tied up.
Paraguay's President Santiago Pena has resigned amid a crisis over his ties to collapsed lender Ueno. Millions of customers' accounts are frozen, with public pension and health care funds also tied up.
Paraguay’s President Santiago Peña has announced his resignation following a political crisis sparked by the collapse of a bank linked to him. Protesters gathered near the Paraguayan Congress on Thursday Peña won the 2023 election representing Paraguay’s ruling conservative Colorado Party, beating a centre-left challenger.
President Pena, a Trump ally, had faced an impeachment motion and protests after the collapse of digital lender ueno.
The move follows a bank collapse and after the lower house of congress voted in favour of pursuing an impeachment trial against him.
Paraguayan President Santiago Peña has reportedly resigned amid a political crisis following the collapse of Ueno Bank, a digital lender allegedly linked to his former business interests. According to Reuters, the resignation followed moves by Paraguay’s lower house of Congress to pursue impeachment proceedings against Peña over allegations of conflict of interest and misconduct relating to the bank.