President of Paraguay ousted by parliament, Vice President Pedro Alliana takes over
Paraguay's President Santiago Peña has been removed by parliament and placed under house arrest due to a banking crisis linked to the Ueno Bank's bankruptcy. Vice President Pedro Alliana has been sworn in as interim president. Peña faces accusations of corruption and conflict of interest, as he was a shareholder in the failed bank, which left around 3 million citizens without access to their funds. The parliament initiated the impeachment process to prevent Peña from retaining immunity, allowing for a criminal investigation. Alliana will serve until 2028, and the central bank has started reimbursing affected depositors.
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