Paraguay’s Santiago Pena has been ousted over a massive banking scandal that left nearly 3 million people without access to their savings
Paraguay’s former president, Santiago Pena, a close ally of US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu, has been impeached and placed under house arrest over a massive banking scandal that has put nearly 3 million people’s savings in jeopardy.
The country’s Senate voted on Friday to remove Pena from office over alleged misconduct linked to the collapse of Ueno Bank, a rapidly expanding digital lender with close ties to his administration. Prosecutors subsequently placed the former president under house arrest on suspicion of breach of trust and other offenses, according to AP.
The arrest order also targets former Central Bank chief Carlos Carvallo, who previously served as a senior executive at Ueno.…