Ousted Paraguay president under house arrest after banking crisis leaves 60% of country unable to access accounts
Source: The Guardian ·
Santiago Peña was detained minutes after he was impeached by Congress, as protesters took to the streets demanding answers after the suspension of the Ueno bankParaguay’s rightwing president has been placed under house arrest minutes after he was impeached by Congress, amid a severe crisis that left more than half the country’s population unable to access their bank accounts.Santiago Peña is…
From the source
Paraguay’s rightwing president has been placed under house arrest minutes after he was impeached by Congress, amid a severe crisis that left more than half the country’s population unable to access their bank accounts. Santiago Peña is being investigated about allegations he used his political influence to favour a bank that expanded exponentially under his government and was suspended this week after irregularities. The move froze the accounts of 2.9 million people, about 60% of the country’s adult population, who were customers of the bank – Ueno - and who overnight could no longer use their own money even for basic purchases such as bread and water. Protests spread across the country, some involving violent clashes with police. Impeachment proceedings began on Wednesday before being concluded on Friday, minutes before Peña’s arrest was ordered. His vice-president, Pedro Alliana, was being sworn in as the country’s new leader while a public prosecutor, accompanied by police outside…
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