Paraguay’s Peña loses top aides as impeachment trial resumes over failed bank – News4JAX

Paraguay’s Peña loses top aides as impeachment trial resumes over failed bank  News4JAX

Paraguay’s ousted president, Santiago Peña, was placed under house arrest on suspicion of breach of trust as prosecutors investigate the collapse of Ueno Bank. Congress President Basilio Nunez places the presidential sash on Pedro Alliana as he takes office as Paraguay's new president after the Senate removed Santiago Pena over accusations linked to the collapse of Ueno Bank in Asuncion, Paraguay, Friday, Nov. 6, 2026. (AP Photo/Jorge Saenz) ASUNCIÓN – Ousted Paraguayan President Santiago Peña was placed under house arrest Friday on suspicion of breach of trust and influence peddling, among other charges, shortly after the Senate removed him from office over the collapse of a government-linked bank that locked nearly half the country’s 6 million people out of their savings.

All 44 senators present voted to remove Peña for misconduct in office, making him the second Paraguayan president ousted by impeachment since the end of Gen. Alfredo Stroessner’s 35-year dictatorship in 1989. As the verdict came down, ending what had been seen as one of South America’s most stable presidencies, a roar rose from the crowds packed into the plaza outside Congress. Depositors, retirees and students in national soccer jerseys waved Paraguayan flags, sang and hugged, chanting “Dictatorship never again!” Regulators had seized Ueno Bank just three days earlier, sending shock waves through the financial system and setting off