Paraguay Senate impeaches President Peña over banking crisis; VP Alliana sworn in

vanguardngr.com —

Paraguay's Senate impeached President Santiago Pena on Friday over a massive banking crisis that locked nearly half the country out of their accounts, with former Vice President Pedro Alliana immediately sworn in as his successor. Senators voted 44-0 to remove Pena, declaring him guilty of poor performance after the collapse of Ueno Bank, which he had links to through Grupo Vazquez. Authorities placed Pena under house arrest, and he faces questioning over alleged breach of trust, influence peddling, and misappropriation of funds. Alliana promised full compensation for the almost three million affected depositors, including pensioners. Advance payments of up to $1,600 began Thursday, while protests erupted in Asuncion demanding the return of funds. The crisis has also claimed the Central Bank president and interior minister, with eight Ueno executives arrested.


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