In Paraguay, the impeachment of President Santiago Peña highlights the collusion between political power and finance.

Santiago Peña has been unanimously impeached by the Paraguayan Senate due to his involvement in a banking scandal affecting millions. Following the decision, he was placed under house arrest and faces charges including breach of trust and influence peddling. His vice president, Pedro Alliana, has assumed the presidency until the next elections in 2028. Peña's rapid fall from grace marks a significant shift, as he was previously supported by conservative leaders and the Colorado Party, including his mentor Horacio Cartes.