From The Hindu BusinessLine
Center-Right Owned by The Hindu Group (Kasturi & Sons)Paraguay President Santiago Peña resigns amid ueno bank collapse
What's behind this
Paraguay’s lower house voted unanimously, a 78‑0 count, to impeach President Santiago Peña minutes after he announced his resignation, following the collapse of Ueno Bank, a major digital lender linked to his government that froze millions of savings. The crisis prompted allegations of financial misconduct, a central bank intervention, and three days of protests that saw demonstrators flood the capital, Asunción. Lawmakers from Peña’s long‑ruling Colorado Party joined the opposition in supporting the impeachment.
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center · 2 outlets
ASUNCIÓN, Paraguay: Paraguay's lower house voted unanimously Thursday to impeach President Santiago Peña just minutes after he announced his resignation, as the collapse of a major digital bank tied to his government froze millions of people's savings, sent protesters surging into the streets and…
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right · 2 outlets
The 78-0 vote marked a stunning repudiation of Peña by lawmakers from his long-ruling Colorado Party, who joined the opposition in backing his impeachment after three days of demonstrations rocked the capital, Asunción.
— Livemint
RSS excerpt
The political crisis intensified after lawmakers raised allegations of financial misconduct and the central bank intervened in the troubled lender
