Paraguay’s president impeached and under house arrest after bank collapse
Paraguay’s President Santiago Peña has been impeached and placed under house arrest after a bank collapse triggered a crisis that left more than half of the country’s population without access to their accounts. Peña was arrested on Friday minutes after lawmakers, including from his own party, unanimously voted to remove him from office following the collapse earlier this week of Ueno Bank, which has links to his private business interests. He had offered to step down on Thursday. Rather than accept his resignation, senators impeached Peña and charged him with misconduct, meaning he has been stripped of the immunity usually granted to ex-presidents. Peña, who until last year held shares in the company that owned the bank, has denied any wrongdoing. The impeachment charges that led to Peña…
