World · India Bureau
Paraguay's President Removed in Overnight Political Upheaval
Paraguay's congress unanimously voted to remove President Santiago Peña from office following a crisis involving digital bank Ueno. The former vice president has assumed the presidency while Peña faces house arrest pending investigation.
LSN India ·

Paraguay experienced a dramatic political shift as its upper chamber of congress voted unanimously to remove President Santiago Peña from office. The sudden action came in the wake of mounting tensions surrounding the digital banking sector, with the Ueno bank crisis serving as a catalyst for the legislative intervention.
Following Peña's removal, former Vice President Pedro Alliana was sworn in as the new president. The transition occurred swiftly, reflecting deep dissatisfaction among parliamentary members with Peña's handling of the banking situation and broader governance concerns.
Authorities have placed Peña under house arrest as investigations into his tenure proceed. The move underscores the severity with which congress and the judiciary are treating the matters that precipitated his ouster, signaling potential legal consequences ahead for the former leader.
The overnight political upheaval marks a significant turning point in Paraguayan politics, with the rapid removal of a sitting president reflecting the depth of institutional crisis and the power of the legislature to intervene in executive matters. The country now faces a period of transition under new leadership as investigations continue.