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Paraguay's Former President Under House Arrest Amid Banking Crisis

Source: The Guardian World - Published: 07 Nov 2026 04:55

Santiago Peña, Paraguay's ousted president, has been placed under house arrest following his impeachment by Congress, triggered by a banking crisis that left over 60% of the population unable to access their accounts. He faces allegations of using his influence to benefit Ueno Bank, which was suspended due to irregularities after rapid expansion during his administration.

Watch for the ongoing protests as citizens demand accountability and transparency in the banking sector. The investigation into Peña and Ueno Bank could lead to further political upheaval, impacting future governance and financial regulations in Paraguay.

Briefed by Gibik from the original source.