Paraguay Begins Impeachment Proceedings Against President Following Bank Collapse
Paraguayan President Santiago Peña faces questions over his involvement with digital lender Ueno, as six of its executives are jailed pending trial.
TL;DR
- Paraguay's Congress has begun proceedings to impeach President Santiago Peña.
- The impeachment follows the collapse of Ueno Bank, a digital lender.
- President Peña was a shareholder in the group controlling Ueno Bank until last year.
- Anger and protests have erupted, with calls for Peña's resignation.
- Key political figures, including the congressional President and Colorado Party leader, have withdrawn their support for Peña.