Paraguay's ousted president placed under house arrest after Ueno Bank collapse

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Paraguay's ousted President Santiago Peña was placed under house arrest Friday on suspicion of breach of trust, hours after the Senate unanimously removed him over the collapse of Ueno Bank, which has frozen savings for millions of citizens. All 44 senators voted to impeach Peña, making him the second Paraguayan president removed since 1989. Prosecutors ordered him held at home pending a Saturday appearance, while also ordering the arrest of former central bank chief Carlos Carvallo. Vice President Pedro Alliana was sworn in to serve out the term. The bank's collapse has triggered widespread public outrage, with protesters demanding access to frozen funds. Depositors are gradually recovering money, with insurance covering up to about $35,000 for 97% of customers. Prosecutors have charged 27 people, including Ueno's founder, in a separate case.


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