Paraguay: President Santiago Pena under house arrest over bank crisis
Paraguay’s Senate has ousted President Santiago Pena over the collapse of a major bank tied to his government. Millions of customers' accounts are frozen, with public pension and health care funds also tied up.
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Source: DW News
Paraguay’s Senate has ousted President Santiago Pena over the collapse of a major bank tied to his government. Millions of customers' accounts are frozen, with public pension and health care funds also tied up.
Paraguayan President Santiago Peña was removed from office and placed under house arrest Friday. The Senate voted on his impeachment after the collapse of a state-affiliated bank.
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Suspected financial fraud, public money at risk and millions of customers affected: Paraguay is in serious crisis following the sudden collapse of Ueno Bank. President Santiago Pena is facing impeachment.