Back to list

Paraguay Senate Impeaches President Over Bank Scandal

NDTV Nov 07, 2026 at 05:04 AM IST India
Paraguay Senate Impeaches President Over Bank...

AI summary

Paraguay's Senate impeached President Santiago Peña over the collapse of Ueno Bank, which froze accounts for three million citizens. The vote strips him of presidential immunity, allowing for potential criminal prosecution. Vice President Pedro Alliana will assume the presidency.

Key takeaways

  • The Senate voted 44 to 1 to impeach President Peña for poor performance.
  • Impeachment prevents Peña from gaining lifetime immunity as a former president.
  • Ueno Bank's collapse locked nearly half the population out of their funds.
  • Vice President Pedro Alliana will complete the current mandate until 2028.
Read the original at NDTV

Community discussion (0)

No comments yet. Start the discussion.