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Banking Scandal Topple Paraguay Leader

Paraguay's ousted president placed under house arrest after senators remove him over banking scandal.

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Banking Scandal Topple Paraguay Leader

Paraguay's ousted president placed under house arrest after senators remove him over banking scandal.

In brief

Paraguay's ousted president placed under house arrest after senators remove him over banking scandal. Paraguay's president Santiago Peña was removed from office and placed under house arrest following a banking scandal that left nearly three million customers unable to access their savings. Originally reported by…

Paraguay's President

Paraguay's ousted president Santiago Peña has been placed under house arrest.

Banking Scandal

Senators unanimously voted to remove Peña over a banking scandal.

Bank Collapse

The collapse of Ueno Bank left nearly three million customers unable to access their savings.

Peña's Denial

Peña denies any wrongdoing in the banking scandal.

Successor's Promise

His successor Pedro Alliana pledged to compensate those affected by the bank collapse.

The big picture

Paraguay's president Santiago Peña was removed from office and placed under house arrest following a banking scandal that left nearly three million customers unable to access their savings.

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