Paraguay's Congress removes President Peña amid banking scandal

Paraguay's parliament removed President Santiago Peña from office during a severe financial and state crisis, and an arrest warrant was issued against him shortly after. He faces allegations of involvement in a banking scandal. The Senate unanimously voted for Peña's impeachment after the lower chamber did the same, citing dereliction of duty. The attorney general ordered house arrest for Peña, who is accused of ties to the insolvent Ueno Bank. 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 central bank is liquidating Ueno Bank, and its former executives face arrest. Alliana, a conservative from the Colorado Party, now leads the country amid public fears over savings.