Paraguayan President Santiago Peña Impeached and Arrested Following Bank Collapse

Paraguay's President Santiago Peña was impeached and placed under house arrest after the collapse of Ueno Bank left over half the population without account access.

Lawmakers unanimously voted to remove Peña after he was charged with misconduct, stripping him of presidential immunity amidst allegations of conflicts of interest.

Pedro Alliana has been sworn in as interim president until 2028 and promised that affected citizens will be fully compensated.