President of Paraguay resigns after Ueno Bank closure
EFE · Agencia EFE ·
Paraguayan President Santiago Peña resigned Thursday amid looming congressional impeachment following the takeover of Ueno Bank.
Asunción, Nov. 5 (EFE).- Paraguayan President Santiago Peña resigned Thursday amid looming congressional impeachment following the takeover of Ueno Bank, a private institution linked to him that received millions in public funds during his term.
“I have decided to submit my resignation as President of the Republic. I am doing so with the stability of our country, social peace, and the need to preserve our democratic institutions in mind,” he said in a video posted on X.
“I also want to apologize to the people. If at any time I have failed, it was never my intention to betray the trust they placed in me,” he added.