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Paraguay’s President Pena impeached over Ueno banking crisis, placed under house arrest

Katherine Langford
Editor-in-Chief · Friday, November 6, 2026 at 11:41 PM · 1 min read
Paraguay’s President Pena impeached over Ueno banking crisis, placed under house arrest — Beijing Business news

Paraguayan President Santiago Pena was placed under house arrest on Friday on suspicion of breach of trust, shortly after the Senate removed him from office over the collapse of a major bank tied to his government. Pena had offered his resignation over the disaster, but lawmakers pressed ahead with impeachment proceedings that would strip him of immunity granted to former presidents. He did not attend the trial in the Senate despite earlier pledging to defend himself. The president “is declared...

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