Back to list

Impeached Paraguay President Peña placed under house arrest after bank collapse

Times of India Nov 07, 2026 at 07:05 AM IST
Impeached Paraguay President Peña placed under...

AI summary

Paraguay's Senate impeached President Santiago Peña, who was subsequently placed under house arrest on charges of influence peddling related to the Ueno Bank collapse. Vice President Pedro Alliana assumed office as the nation faces a severe financial crisis affecting millions of depositors.

Key takeaways

  • Santiago Peña became the second Paraguayan president removed via impeachment since 1989.
  • Ueno Bank's collapse left over three million customers unable to access their savings.
  • Prosecutors ordered the arrest of Carlos Carvallo, the former central bank chief.
  • Vice President Pedro Alliana was sworn in to complete the remaining term.
Read the original at Times of India

Community discussion (0)

No comments yet. Start the discussion.