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Why is Paraguay's President Santiago Peña facing impeachment?

short by Mansi Agarwal / on Thursday, 5 November, 2026
Paraguay's opposition has launched an impeachment bid against President Santiago Peña after major lender Ueno Bank collapsed overnight, leaving three million customers unable to access their money. The opposition has accused Peña of a conflict of interest, alleging he held shares in the bank's parent group until last year. The bank was put under resolution over a severe capital shortfall.
read more at Wion