Report
Paraguay impeaches Santiago Peña after Ueno Bank collapse
Pedro Alliana took over as president, promising full compensation for almost three million affected depositors.
TLDR
Senators voted 44-0 to remove Peña, with one lawmaker absent, after a banking crisis locked almost half the country out of their accounts. Authorities placed him under house arrest, and prosecutors are investigating alleged breach of trust, influence peddling and misappropriation of funds. Peña denies wrongdoing. Alliana will serve until 2028; advance payments to some depositors have begun.
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