$TRUMP Bankruptcy, impeachment and trial: The story of the collapse of Paraguay’s system of government and the president’s removal
Former Paraguayan President Santiago Peña faced impeachment, arrest and the stripping of his presidential immunity after being formally accused of breach of trust and abuse of power for personal gain, in connection with the collapse of the digital Ueno Bank, which was linked to his private business interests. The catastrophic collapse froze the savings, pension payments and public funds of around three million customers—about 60% of the country’s adult population—leaving more than half of its citizens unable to access their bank accounts after the central bank took control of the failed institution.
The political crisis reached its peak on Friday, when authorities arrested Peña just minutes after the Senate voted unanimously to remove him from office, with 44 members voting in favor and one absent. Peña, who won the 2023 election as the candidate of the ruling conservative Colorado Party, had offered his resignation in a video message posted on X, apologizing to the public and stressing that his priority was to reassure citizens who had deposited their savings in the financial system, as well as to protect stability, social peace and democratic institutions. However, lawmakers,
$XAU
#BinanceReopensWithdrawalsForHYPE&APT
Former Paraguayan President Santiago Peña faced impeachment, arrest and the stripping of his presidential immunity after being formally accused of breach of trust and abuse of power for personal gain, in connection with the collapse of the digital Ueno Bank, which was linked to his private business interests. The catastrophic collapse froze the savings, pension payments and public funds of around three million customers—about 60% of the country’s adult population—leaving more than half of its citizens unable to access their bank accounts after the central bank took control of the failed institution.
The political crisis reached its peak on Friday, when authorities arrested Peña just minutes after the Senate voted unanimously to remove him from office, with 44 members voting in favor and one absent. Peña, who won the 2023 election as the candidate of the ruling conservative Colorado Party, had offered his resignation in a video message posted on X, apologizing to the public and stressing that his priority was to reassure citizens who had deposited their savings in the financial system, as well as to protect stability, social peace and democratic institutions. However, lawmakers,
$XAU
#BinanceReopensWithdrawalsForHYPE&APT
