Paraguayan Senate Ousts President Peña Following Bank Collapse
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Paraguay's Senate unanimously ousted President Santiago Peña following the collapse of a major bank, preventing him from receiving immunity. An arrest warrant was issued for Peña, who denies charges related to the bank's failure that affected millions and sparked protests. Vice President Pedro Alliana is set to take over the presidency. The incident occurred years after Peña announced Paraguay's embassy would reopen in Jerusalem.
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- Paraguayan Senate unanimously ousted President Santiago Peña after a major bank collapsed.
- Peña resigned and faces arrest on charges related to the bank's failure.
- The bank collapse affected three million customers and triggered nationwide protests.
- Vice President Pedro Alliana is expected to replace Peña.
- Peña had previously announced Paraguay's embassy would move to Jerusalem.
Paraguay's Senate unanimously removed President Santiago Peña from office overnight, just a day after he announced his resignation in response to the collapse of a major bank. All 44 senators present voted in favor of the impeachment, which was intended to prevent Peña from receiving legal immunity typically granted to former presidents. Shortly after the vote, an arrest warrant was issued for Peña on suspicion of offenses related to the bank's failure, though he denies the charges.
Vice President Pedro Alliana is expected to succeed Peña. The bank's collapse, which reportedly affected approximately three million customers, led to widespread protests across Paraguay, with demonstrators expressing anger over their inability to access funds. Images from the protests showed effigies of the outgoing president being burned.
This development occurred nearly two years after Peña, during the inauguration of Israel's embassy in Paraguay, announced that Paraguay's embassy would reopen in Jerusalem in December.
