The Paraguayan president removed due to the bank collapse has been placed under house arrest

Paraguay's former president, Santiago Peña, has been placed under house arrest following the collapse of Ueno Bank. He was suspended after the parliament voted unanimously for his impeachment due to alleged misconduct. Peña, who previously held shares in the bank's parent company, denies any wrongdoing. His removal has led to widespread protests as nearly half of Paraguay's population lost access to their savings. The interim president, Pedro Alliana, has promised compensation for affected citizens. Peña faces serious charges, including abuse of trust and mismanagement of funds, with a court appearance expected soon.