Paraguay President Santiago Peña Impeached and Under House Arrest After Banking Collapse

RecentNews.uk

Santiago Peña was placed under house arrest immediately after being impeached by Congress.

The crisis erupted after the suspension of Ueno Bank froze accounts for 2.9 million citizens, representing 60% of the adult population.

Investigators are probing allegations of illicit enrichment, money laundering, and influence peddling involving state pension funds.

Vice-president Pedro Alliana was swiftly sworn in as the country's new leader following the vote.

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