Paraguay’s Peña under criminal probe as Ueno Bank collapse sparks impeachment trial
Associated Press · Isabel DeBre, Nayara Batschke, Emilio Sanabria ·
Paraguayan President Santiago Peña is under criminal investigation following the collapse of a major digital bank, as the South American leader prepares to defend himself before the Senate against possible removal from office on Friday. The crisis at Ueno Bank turned Peña’s long-ruling Colorado Party against him, a stunning reversal for the former International Monetary Fund economist. In a day of lightning-speed developments, Peña offered his resignation Thursday, with the lower house voting unanimously to impeach him moments later. Both houses declined to accept Peña’s offer to resign, with the Senate instead deciding to press forward with a trial that could result in the president’s removal from office.
Paraguay President Peña under investigation, faces removal from office over bank collapse
ASUNCIÓN, Paraguay (AP) — Paraguayan President Santiago Peña is under criminal investigation following the collapse of a major digital bank, prosecutors announced, as the South American leader prepares to defend himself before the Senate against possible removal from office on Friday.
The crisis at Ueno Bank turned Peña’s long-ruling Colorado Party against him, a stunning reversal for the former International Monetary Fund economist who had enjoyed the backing of the country’s most powerful politicians and was welcomed in Washington just weeks ago as a key ally of the Trump administration.
Read the full story at Associated Press · All coverage of this story