Ousted Paraguayan president placed under house arrest after bank collapse

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1. 33m ago

   Paraguayan President Santiago Peña under house arrest after Ueno Bank collapse

   Paraguayan President Santiago Peña was placed under house arrest on suspicion of breach of trust and influence peddling after the Senate unanimously removed him from office over the collapse of Ueno Bank, which left millions unable to access their accounts. Peña resigned following the crisis. Pedro Alliana was sworn in as the new president.

   Why it matters

   The collapse of Ueno Bank triggered a severe financial crisis in Paraguay, freezing millions of accounts and sparking mass protests. The bank's failure has been linked to broader governance issues and previous banking instability in the country. The unanimous Senate vote to remove Peña marks a rare constitutional crisis driven by public pressure over financial mismanagement.

   What is confirmed

   • Paraguayan President Santiago Peña was placed under house arrest on suspicion of breach of trust and influence peddling.
   • The Senate unanimously removed Santiago Peña from office over the collapse of Ueno Bank.
   • Pedro Alliana has been sworn in as the new president of Paraguay.
   • The collapse of Ueno Bank locked nearly half of Paraguay's 6 million people out of their savings.
   • Santiago Peña resigned as president amid the crisis over the closure of Ueno Bank.

   What to watch next

   • Investigation into Ueno Bank's collapse and related financial transactions
   • Legal proceedings against Santiago Peña for breach of trust and influence peddling
   • Stability of the banking system and government response to restore public trust
   Sources used for this update (16)

   1. CNN — President of Paraguay resigns as president of amid crisis over the closure of Ueno Bank
   2. Reuters — Explainer: What is ueno bank and how did it trigger Paraguay's political crisis?
   3. The Washington Post — Paraguay’s president out after bank implosion freezes millions of accounts
   4. AP News — Paraguay’s Peña loses top aides as impeachment trial resumes over failed bank
   5. Al Jazeera — How Paraguay’s Ueno collapse is only its latest banking crisis
   6. The New York Times — Paraguay’s President Removed Over Financial Crisis
   7. Al Jazeera — Paraguay’s Santiago Pena under arrest, new president Pedro Alliana sworn in
   8. BBC — Paraguay's President Santiago Peña impeached and arrested
   9. The Guardian — Ousted Paraguay president under house arrest after banking crisis leaves 60% of country unable to access accounts
   10. CNN — Paraguay president impeached and under house arrest following bank collapse scandal
   11. www.cbsnews.com — Paraguay's ousted president under house arrest after bank collapse leaves millions locked out of accounts
   12. www.france24.com — Paraguay places ousted president Peña under house arrest after bank collapse
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