Paraguay impeaches President Pena over Ueno Bank collapse

thehindu.com [$] —

Paraguayan Senators voted Friday to impeach President Santiago Pena over the collapse of Ueno Bank, which locked nearly half the population out of their accounts and sparked widespread protests. The 44-0 vote found him guilty of poor performance in his duties. Pena, who had offered to resign, did not attend the trial despite pledging to defend himself. The impeachment strips him of immunity granted to former presidents, and Vice President Pedro Alliana will complete the mandate until 2028. Around three million people remain unable to access funds since the Central Bank froze Ueno's accounts Tuesday, though advance payments to some depositors began Thursday. The scandal has also led to arrests of eight Ueno executives and the resignation of top officials.


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