Ousted Paraguay president under house arrest after banking crisis leaves 60% of country unable to access accounts

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Paraguay’s Congress impeached President Santiago Peña, who was then placed under house arrest and investigated over allegations of influence-peddling for Ueno bank. The suspension of the bank amid reported irregularities left more than half the country unable to access their accounts, prompting protests.

Santiago Peña was detained minutes after he was impeached by Congress, as protesters took to the streets demanding answers after the suspension of the Ueno bank Paraguay’s rightwing president has been placed under house arrest minutes after he was impeached by Congress, amid a severe crisis that left more than half the country’s population unable to access their bank accounts. Santiago Peña is being investigated about allegations he used his political influence to favour a bank that expanded exponentially under his government and was suspended this week after irregularities. Continue reading...