From Malay Mail · · 1m 10s
Paraguay President Impeached After Bank Collapse
Paraguay’s president impeached over bank collapse that locked millions out of savings.
In brief
Paraguay’s president impeached over bank collapse that locked millions out of savings. Paraguay’s president Santiago Pena was impeached and placed under house arrest after Ueno Bank’s collapse left millions unable to access their savings. Originally reported by Malay Mail.
Impeachment Vote
Senators voted to remove Santiago Pena over Ueno Bank collapse that locked millions out of savings.
“Justice has been done. Now we want him to give us back our money and go to jail”
House Arrest
Pena placed under house arrest minutes after impeachment by prosecutor Silvia Margarita Gonzalez Vester.
Interim President
Pedro Alliana assumed presidency as interim leader following impeachment.
Bank Collapse Impact
Ueno Bank collapse affected nearly three million depositors including pensioners.
Compensation Plan
First phase of aid deposits up to US$1,600 for clients without loans at other Paraguayan banks.
Investigation
Attorney General investigating Pena for breach of trust, influence peddling, and misappropriation of funds.
Protests
Thousands protested demanding return of savings after Ueno Bank collapse.
“Santiago Pena has hurt so many Paraguayans, so many families, business owners and small business people”
Political Fallout
Eight Ueno executives arrested amid police raids on Grupo Vazquez locations.
International Impact
Nearby Argentina suspended 1,000 ITTI employees for 30 days without pay.
Football Affected
Ueno Bank sponsors national football team and first division teams.
“We were also victims of this situation”
Here's the gist
Paraguay’s president Santiago Pena was impeached and placed under house arrest after Ueno Bank’s collapse left millions unable to access their savings.
