President of Paraguay dismissed and placed under house arrest following banking sector crisis
The President of Paraguay, Santiago Peña, was removed from office by Congress and placed under house arrest amid a severe financial crisis triggered by the suspension of Ueno Bank, which left approximately 60% of the country's adult population without access to their accounts.
The judicial measure followed the opening of a formal investigation by the prosecutor's office for alleged illicit enrichment, money laundering, and influence peddling, linked to the exponential growth of the banking institution during his administration.
Faced with the crisis sparked by the freezing of funds and citizen protests, Congress carried out an impeachment process that concluded with Peña's removal. His vice president, Pedro Alliana, immediately assumed the head of state.
Various political and economic sectors have raised questions regarding the links between the government administration and the regulation of the financial system, while judicial authorities advance with the corresponding investigations.
- Santiago Peña was removed from office through an impeachment trial in the Congress of Paraguay.
- The temporary suspension of Ueno Bank affected nearly 2.9 million customers.
- The prosecutor's office is investigating alleged crimes of illicit enrichment and money laundering.
- Pedro Alliana assumed the presidency of the country following the removal from office.
Corroborates: President of Paraguay dismissed and placed under house arrest following banking sector crisis