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Paraguay President Impeached, Placed Under House Arrest Over Bank Scandal

NDTV Nov 07, 2026 at 06:09 AM IST India
Paraguay President Impeached, Placed Under...

AI summary

Paraguayan President Santiago Peña was impeached and placed under house arrest following the collapse of Ueno Bank, which froze assets for millions of citizens. Vice President Pedro Alliana assumed office as the nation faces its worst political crisis in over a decade.

Key takeaways

  • All 44 senators voted to remove President Peña for misconduct related to the Ueno Bank collapse.
  • Regulators seized Ueno Bank, locking nearly half of Paraguay's population out of their savings.
  • Vice President Pedro Alliana was sworn in as the new president to serve out the term.
  • Prosecutors ordered the arrest of former central bank chief Carlos Carvallo for his role in the scandal.
Read the original at NDTV

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