Banking scandal topples Paraguay leader
Summary
Paraguay’s Senate unanimously voted to remove President Santiago Peña over a banking scandal, and he was placed under house arrest. The collapse of Ueno Bank left nearly three million customers unable to access their savings. Peña denies wrongdoing, while his successor, Pedro Alliana, has promised compensation for those affected.Key Facts
- The Senate unanimously voted to remove Santiago Peña from office.
- Peña was placed under house arrest after his removal.
- The case centers on the collapse of Ueno Bank.
- Nearly three million Ueno Bank customers could not access their savings.
- Peña denies any wrongdoing.
- Pedro Alliana succeeded Peña as president.
- Alliana pledged to compensate customers affected by the bank’s collapse.
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