Paraguay’s Peña under criminal probe as Ueno Bank collapse sparks impeachment trial
Associated Press ·
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.