From Buenos Aires Herald · Buenos Aires Herald · · 1m
Peña Faces Impeachment Over Ueno Bank Crisis
Paraguay's president Santiago Peña faces impeachment after Ueno Bank collapse leaves millions without access to funds.
In brief
Paraguay's president Santiago Peña faces impeachment after Ueno Bank collapse leaves millions without access to funds. Paraguay's president Santiago Peña is impeached over Ueno Bank crisis that blocked 3 million customers' access to deposits. Originally reported by Buenos Aires Herald.
Impeachment Proceedings Begin
Paraguay's lower house voted unanimously to impeach president Santiago Peña over financial crisis.
Ueno Bank Closure Impact
Ueno Bank suspended operations leaving 3 million customers unable to access deposits and savings.
Peña's Resignation
President Santiago Peña resigned as president on Thursday, stating no position can be above the country.
Peña's Statement
Peña pledged to fully cooperate with impeachment proceedings and clarify responsibilities for the crisis.
Bank Scandal Details
Ueno Bank, Paraguay's largest digital bank, had 32,000 pensioners and 3 million customers using its services.
Impeachment Request
Lawmakers filed impeachment request against Peña for poor performance and conflict of interest in the crisis.
Protesters and Response
Protesters demanded return of deposits and Peña's impeachment after bank closure.
The headline
Paraguay's president Santiago Peña is impeached over Ueno Bank crisis that blocked 3 million customers' access to deposits.
