PoliticsPhoto: MintParaguayan President Santiago Peña Impeached and Placed Under House Arrest
Paraguay’s Senate impeached President Santiago Peña following the collapse of Ueno Bank, linked to him through business ties. Nearly half of Paraguay’s 6 million people lost access to their savings. Peña faces three criminal cases opened by the Attorney General. Lawmakers accused him of steering public funds into Ueno Bank and appointing Carlos Carvallo, former Ueno executive, as central bank chief. Peña’s parliamentary immunity was stripped after the impeachment vote.
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