The president of Paraguay was removed from power and placed under house arrest.

The president of Paraguay was removed from power and placed under house arrest.

The president of Paraguay was impeached and placed under house arrest following the collapse of a digital bank that was linked to his personal business interests.

Santiago Peña was arrested after lawmakers, including members of his own party, voted unanimously to impeach him. This decision was made following the spread of the crisis that began with the collapse of Oano Bank.

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