Paraguay prosecutor will seek charges against embattled president after bank collapse
Summary
Paraguay’s President Santiago Peña announced he would resign amid the collapse of Ueno Bank, and prosecutors opened criminal investigations into the bank’s failure and the government’s role. The lower house voted unanimously to impeach him, while lawmakers were due to decide whether to accept his resignation or proceed toward a Senate trial.Key Facts
- Prosecutors ordered three investigations into the Ueno Bank crisis, including one involving Peña and current and former government officials.
- The investigations will examine regulators’ oversight of the bank, how authorities handled its failure, and the placement of public funds in the lender.
- The lower house voted 78-0 to impeach Peña and sent the charges to the Senate.
- Congressional leaders were scheduled to vote Friday on whether to accept Peña’s resignation.
- Opposition senators argued that resignation could preserve Peña’s eligibility to become a senator for life and gain legal protections.
- Peña said he would cooperate with investigators and apologized to the public if he had failed them.
- Ueno Bank said it served more than 60% of Paraguay’s adults before its collapse left depositors, retirees, and workers seeking frozen savings and unpaid wages.
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