PARAGUAY CONGRESS IMPEACHMENT
Paraguay's ousted president faces prosecutors after his removal over bank collapse
Santiago Pena was removed from office by Congress following a bank failure affecting nearly three million customers. Prosecutors ordered his arrest for alleged breach of trust and other offenses related to Ueno Bank's collapse. His successor, Vice President Pedro Alliana, began forming a new Cabinet to address the situation. Public protests demanding accountability and access to frozen funds escalated significantly in response.
How a banking scandal is taking down Trump’s ally in Paraguay
Paraguay's Ueno Bank has collapsed, leaving customers locked out of their accounts and prompting nationwide protests. President Santiago Peña faces impeachment while being linked to the bank's swift downfall amid allegations of misconduct. The Central Bank had found serious issues with Ueno’s lending practices prior to its seizure, which caused it to be declared insolvent. Regulators found that the bank issued loans beyond legal limits without proper categorization.
Ousted Paraguayan President Santiago Pena placed under house arrest after bank collapse; Pedro Alliana sworn in as sudden successor
Santiago Pena, the ousted President of Paraguay, was placed under house arrest on charges of misconduct. His removal follows the collapse of Ueno Bank, affecting nearly half of Paraguay's population. Vice President Pedro Alliana has assumed presidency amidst public outcry for accountability. Regulators seized Ueno Bank, locking depositors out of their accounts and triggering a political crisis. Lawmakers allege Pena abused his political influence regarding Ueno's operations and regulatory oversight.
Paraguayan president Santiago Pena impeached minutes after resigning following bank collapse
The 78-0 vote marked a stunning repudiation of Pena by lawmakers from his long-ruling Colorado Party, who joined the opposition in backing his impeachment after three days of demonstrations rocked the capital, Asuncion.
Paraguay President Santiago Pena resigns after bank takeover sparks protests, threatens millions of depositors
Paraguayan President Santiago Pena announced his resignation after the central bank's takeover of Ueno Bank left three million depositors, including pensioners, unable to access their money. The crisis triggered protests, an impeachment push and accusations of political favouritism against Pena, whose own Colorado Party backed his removal.
A win that defied all odds
Luiz Inacio Lula da Silva won the Brazilian presidential election on October 25 after trailing in the first round. His victory was supported by massive rallies and social media strategy, especially in Minas Gerais. Lula appointed allies as key partners to strengthen his government while also facing significant opposition in Congress. Global leaders, including Narendra Modi, quickly congratulated him on his election.
