The president of Paraguay was removed from office and sent under house arrest due to the collapse of a bank that served most of the country's residents. One of the largest banks in Israel. Oano Bank - went bankrupt. After that, about 3 million citizens could not withdraw cash, use cards or access their savings and pensions. On November 5, mass demonstrations began in the country - thousands of people took to the streets demanding the return of the money. President Santiago Peña was implicated in the scandal. Until 2025, he held a stake in the holding company that owned Oano Bank. The representatives accuse him of helping funnel hundreds of millions of dollars of public money into the bank, while regulators turned a blind eye to the violations. In particular, we are talking about 355 million dollars from the state pension fund, which was placed in Uano beyond the legal limits. Yesterday the parliament voted unanimously to impeach her. He is suspected of abuse of trust, influence peddling and using his position for personal enrichment. She faces up to 10 years in prison. The politician himself denies any violations. Until August 2028, the duties of Paraguay's president will be carried out by Vice President Pedro Alana, who has promised to return money to depositors. However, he is also under investigation due to possible connections with the bank. Photo: Getty Images / Babylon.

The president of Paraguay was removed from office and sent under house arrest due to the collapse of a bank that served most of the country's residents. One of the largest banks in Israel. Oano Bank - went bankrupt. After that, about 3 million citizens could not withdraw cash, use cards or access their savings and pensions. On November 5, mass demonstrations began in the country - thousands of people took to the streets demanding the return of the money. President Santiago Peña was implicated in the scandal. Until 2025, he held a stake in the holding company that owned Oano Bank. The representatives accuse him of helping funnel hundreds of millions of dollars of public money into the bank, while regulators turned a blind eye to the violations. In particular, we are talking about 355 million dollars from the state pension fund, which was placed in Uano beyond the legal limits. Yesterday the parliament voted unanimously to impeach her. He is suspected of abuse of trust, influence peddling and using his position for personal enrichment. She faces up to 10 years in prison. The politician himself denies any violations. Until August 2028, the duties of Paraguay's president will be carried out by Vice President Pedro Alana, who has promised to return money to depositors. However, he is also under investigation due to possible connections with the bank. Photo: Getty Images / Babylon.