Paraguay impeaches and arrests President Santiago Peña over banking crisis
Paraguay's President Santiago Peña was impeached and arrested on Friday following a banking crisis that left millions unable to access their savings. Lawmakers, including members of his own party, voted 44-1 to remove him from office. Peña was charged with misconduct rather than accepting his resignation, stripping him of his lifetime Senate seat and ex-president immunity. He faces allegations of conflicts of interest, regulatory manipulation, and diverting pension funds linked to Ueno Bank's collapse, which he denies. The crisis has left over three million depositors without access to savings, sparking protests in Asunción. Peña is due for questioning Saturday on breach of trust charges, while Vice President Alliana, who will serve until 2028, promised full compensation for affected citizens.