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Ousted Paraguay president under house arrest after banking crisis leaves 60% of country unable to access accounts

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Paraguay’s ousted president faces house arrest after a banking crisis froze half the nation’s accounts, exposing corruption and triggering severe political instability.

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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 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. Continue reading...

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