Paraguay ousts Peña, then puts him under house arrest
Prosecutors are investigating whether the ousted president used his influence to favour Ueno Bank. His successor is also under investigation as millions of customers wait to recover their money.
Paraguay's Senate removed President Santiago Peña on November 6, hours before he was placed under house arrest over allegations linked to a bank collapse that froze millions of customers' accounts.
The Senate voted 44-0 among those present to remove him for misconduct in office. Prosecutors are pursuing allegations including breach of trust, influence peddling and using public office for personal gain. Peña denies wrongdoing, and the impeachment vote does not establish criminal guilt.
Vice-President Pedro Alliana was sworn in to serve the rest of the presidential term, which ends in August 2028. He, too, is under investigation in connection with Ueno Bank, according to the Associated Press. The change at the top therefore leaves the government facing questions about the same institution whose collapse forms the backdrop to Peña's removal and the allegations against him.
The Daily Inference reported on November 5 that nearly three million customers had lost access to their accounts and that the Senate would consider allegations against the president. The crisis has since moved from a banking intervention to a transfer of presidential power and a criminal investigation reaching the former head of state.
Protesters gathered outside Congress during the vote, demanding their savings back and accountability. A worker at the state electricity company, whose employee pension fund held money at Ueno, called the crisis an "enormous betrayal of trust."


