Paraguay removes President Peña amid banking scandal

Paraguay's Congress removed President Santiago Peña from office during a financial and state crisis, with the Senate voting unanimously for his impeachment after the lower house did the same. An arrest warrant was issued against him shortly after. Prosecutors accuse Peña of involvement in a banking scandal and placed him under house arrest until he appears before the economic crimes unit. Vice President Pedro Alliana was sworn in as the new president, serving until August 2028. Peña had attempted to resign to avoid impeachment, which would have granted him lifelong parliamentary immunity. The crisis stems from the insolvency of Ueno Bank, where Peña had business ties until March 2025, which he denied as a conflict of interest.