Paraguay President Peña Impeached, Arrested Amid Bank Collapse Scandal
Translated & summarized from i24NEWS Arabic by baba
Paraguay's President Santiago Peña was impeached by the Senate and subsequently arrested on charges including breach of trust, following the collapse of a major bank. The impeachment aimed to prevent him from gaining immunity, and he denies all accusations. Vice President Pedro Alliana is expected to take over until the end of the term. The bank's failure has affected three million customers and led to widespread protests.
The story in 6 lines · by baba
- President Santiago Peña was impeached by the Senate and arrested on charges related to a bank collapse.
- The impeachment vote was supported by 44 senators seeking to deny Peña legal immunity.
- Peña faces charges of breach of trust, abuse of power, and exploiting his office.
- The collapse of a major bank has frozen accounts of three million Paraguayans, sparking protests.
- Vice President Pedro Alliana is expected to complete Peña's term.
- Paraguay moved its embassy to Jerusalem in December 2024 under Peña's leadership.
Paraguay's President Santiago Peña was impeached by the Senate overnight between Friday and Saturday, shortly after announcing his resignation following the collapse of a major bank. Forty-four senators present at the vote supported the impeachment, which aimed to prevent Peña from receiving legal immunity granted to former presidents. Shortly after the impeachment, an arrest warrant was issued for Peña on suspicion of offenses related to the bank's failure, including breach of trust, abuse of power, and exploiting his public office for personal gain. He denies these charges.
Peña is expected to be succeeded by Vice President Pedro Alliana, who will serve out the remainder of the term, approximately two years. The collapse of the bank has led to the freezing of accounts belonging to around three million customers, representing about half of the country's population. This has prompted thousands of citizens to protest in the streets, with an angry crowd demonstrating near Peña's residence when police arrived.
Paraguay is noted as a prominent supporter of Israel in Latin America. Peña, who previously addressed the Knesset, moved his country's embassy to Jerusalem in December 2024, strengthening bilateral relations.
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