Paraguayan President Peña faces impeachment trial as political crisis deepens
Associated Press · Updated ; November 6 ·
Top aides to Paraguayan President Santiago Peña have resigned as the Senate resumed an impeachment trial Friday that could remove him from office. The crisis stems from the collapse of Ueno Bank, which froze the savings of millions. Senators rejected Peña’s request for more time to respond to accusations. Interior Minister Enrique Riera and other key officials resigned as Peña prepared to defend himself. Former President Horacio Cartes backed Peña’s ouster, and the lower house voted to impeach him. The charges focus on Peña’s ties to Ueno Bank. Prosecutors have opened investigations into the bank’s collapse.
Paraguay’s Peña loses top aides as impeachment trial resumes over failed bank
ASUNCIÓN, Paraguay (AP) — Top aides to Paraguayan President Santiago Peña have resigned as the Senate resumed an impeachment trial Friday that could remove him from office, deepening a political crisis triggered by the collapse of a bank tied to his government.
Senators rejected Peña’s request for 72 more hours to respond to accusations stemming from the failure of Ueno Bank, a digital lender that counted nearly half of Paraguay’s population as customers. Its collapse this week froze the savings of millions of Paraguayans and upended a country long seen by investors as one of South America’s most stable.
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