Paraguayan Senate Ousts Santiago Peña, Another Defeat for South America's Right
The then-president tried to resign, but Congress maintained the impeachment process.
TL;DR
- The Paraguayan Senate voted to impeach President Santiago Peña.
- Peña had attempted to resign, but his resignation was rejected by the legislature.
- The impeachment is linked to a scandal involving Ueno Bank.
- Peña will lose his presidential immunity and his right to become a lifetime senator.
- The Central Bank of Paraguay is providing advance payments to Ueno Bank account holders.
- Ueno Bank's failure affected approximately three million clients.
- Eight executives from Ueno Bank were arrested, including its founder.