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Paraguay's President Santiago Peña leaves office amid Ueno Bank collapse

By ChordNews · First written (new coverage , updated )

Paraguay's president tangled up in Ueno banking crisis
Image: abc.net.au
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Summary

Paraguay's President Santiago Peña is out of office as the collapse of Ueno Bank, a popular lender, has plunged the country into political crisis. Al Jazeera reported that lawmakers voted to impeach him, ABC reported that he stepped down, and Hindustan Times and Deutsche Welle reported that the Senate removed or ousted him. Deutsche Welle said the bank was tied to his government, with millions of customers' accounts frozen and public pension and health care funds also tied up. Al Jazeera reported that Peña was under fire over links to the parent company of the collapsed bank, and a later Al Jazeera report said he has been placed under arrest and that Pedro Alliana has been sworn in as the new president. Deutsche Welle's headline describes house arrest, while Al Jazeera describes arrest. The reports differ on how Peña left office, and the articles do not give the order of events.

This continues an earlier story: Paraguay President Peña resigns as lower house moves to impeach him over bank collapse

Later: Paraguay gets Pedro Alliana as new president amid Ueno bank crisis · Paraguay's ex-President Peña moved to military base amid bank collapse crisis · Ueno Bank collapse freezes millions of accounts in Paraguay and leads to house arrest of President Santiago Peña

Timeline

  1. Al Jazeera

    Source ↗

    Al Jazeera reports that lawmakers have voted to impeach Paraguay's President Santiago Peña amid a banking collapse that has roiled the country.

  2. ABC

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    ABC reports that Paraguay's president has stepped down after the collapse of Ueno Bank plunged the country into a political crisis.

  3. Al Jazeera

    Source ↗

    Al Jazeera reports that President Santiago Peña is under fire over links to the parent company of the collapsed bank, and frames the Ueno collapse as only the latest banking crisis in Paraguay.

  4. Hindustan Times

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    Hindustan Times reports that Paraguay's Senate has removed President Santiago Peña over allegations linked to the collapse of Ueno Bank.

  5. Deutsche Welle

    Source ↗

    Deutsche Welle reports that Paraguay's Senate has ousted President Santiago Peña over the collapse of a major bank tied to his government, with millions of customers' accounts frozen and public pension and health care funds also tied up.

  6. Al Jazeera

    Source ↗

    Al Jazeera reports that Santiago Peña is under arrest and that Pedro Alliana has been sworn in as the new president as Paraguay reels from the collapse of the Ueno Bank.

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