Paraguay's president faces impeachment over collapsed digital bank

Paraguayan President Santiago Peña faces potential removal from office amid allegations he favored the collapsed digital bank Ueno, whose shutdown has frozen assets for three million customers and triggered widespread panic withdrawals. The central bank closed Ueno Bank on Tuesday due to serious capital shortfalls, after it had grown into Paraguay's largest bank by customers in five years. Peña, a former co-owner, is suspected of facilitating rule changes and placing state funds, including pension money, in the bank. Peña's resignation was rejected by Congress, and an impeachment process is expected to proceed, potentially allowing prosecution. His whereabouts are unknown, with rumors of flight to Argentina, though he denies this and vows to defend himself.