Paraguay's Senate impeaches and arrests President Peña after bank collapse

Paraguay's Senate has removed President Santiago Peña in an impeachment trial following a bank collapse, and he has been placed under house arrest, according to local media. Vice President Pedro Alliana has been sworn in as his successor. Peña offered to resign, but the Senate refused and impeached him instead. Senators found him guilty of negligence after the collapse of a major digital bank linked to his ownership interests. The ousted president did not attend the trial despite promising to defend himself, and prosecutors issued an arrest warrant shortly after the Senate's decision. By convicting Peña rather than accepting his resignation, senators stripped him of his lifelong Senate seat and immunity granted to former presidents, allowing prosecution. The case follows the collapse of Ueno Bank, which left millions of customers unable to access accounts, with over 60 percent of Paraguay's adult population holding accounts there.