Paraguay impeaches President Peña after bank collapse; new leader sworn in

aftenposten.no (Swedish) —

Paraguay's Senate has impeached and removed President Santiago Peña following a bank collapse, placing him under house arrest, while Vice President Pedro Alliana has been sworn in as his successor. Senators found Peña guilty of negligence after the collapse of Ueno Bank, a major digital bank linked to his ownership interests. They rejected his offer to resign, stripping him of his lifelong Senate seat and presidential immunity, allowing prosecution. Peña, a close ally of US President Donald Trump, did not attend the impeachment trial despite promising to defend himself. Ueno Bank's collapse has left over 60 percent of Paraguay's adult population unable to access their accounts.


With a significance score of 4.2, this news ranks in the top 3.2% of today's 29272 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers: