Veytics Intelligence
2026-11-06 · DW

Paraguay: President Santiago Pena under house arrest over bank crisis

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Paraguay's Senate on Friday impeached President Santiago Pena over a banking crisis that left millions of people unable to access their deposits. Senators voted overwhelmingly to remove Pena for misconduct in office. The move cleared the way for Vice President Pedro Alliana to succeed him. He will serve the rest of the presidential term, which ends in August 2028. Pena had already resigned on Thursday, but by impeaching and convicting him instead of accepting his resignation, senators stripped him of the lifetime Senate seat and immunity granted to former presidents, leaving him vulnerable to prosecution.

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