Paraguay Senate impeaches President Pena over bank crisis

ndtv.com —

Paraguay's Senate impeached President Santiago Pena on Friday over a banking crisis that locked nearly half the population out of their deposits, voting 44-0 to remove him. Pena had offered his resignation, but lawmakers pursued impeachment to strip him of immunity granted to former presidents. The crisis began when the Central Bank froze Ueno Bank's accounts Tuesday over solvency concerns, affecting around three million people. The collapse triggered days of protests, with police using tear gas in Asuncion. Vice President Pedro Alliana will complete the mandate until 2028, while prosecutors investigate Pena for alleged conflict of interest, which he denies.


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