Former Paraguayan President Santiago Peña was arrested in the Banco Oano case, according to media reports the former South American president was arrested at his home in Paraguay. According to an ABC report, he will be under house arrest. Authorities in the South American country issued an arrest warrant for her minutes after she was removed from her position due to the closure of Banco Oano, a financial institution that affected approximately three million account holders. On November 3, the Central Bank of Paraguay (BCP) announced the closure of the banking institution after detecting a serious deterioration in its capital and the level of solvency below 50% of the legal minimum, leaving millions of customers without access to their accounts and sparking protests. This led to the resignation of Santiago Peña, who was facing impeachment proceedings by the legislative branch, which impeached him "for insufficient performance of his duties".

Former Paraguayan President Santiago Peña was arrested in the Banco Oano case, according to media reports the former South American president was arrested at his home in Paraguay. According to an ABC report, he will be under house arrest. Authorities in the South American country issued an arrest warrant for her minutes after she was removed from her position due to the closure of Banco Oano, a financial institution that affected approximately three million account holders. On November 3, the Central Bank of Paraguay (BCP) announced the closure of the banking institution after detecting a serious deterioration in its capital and the level of solvency below 50% of the legal minimum, leaving millions of customers without access to their accounts and sparking protests. This led to the resignation of Santiago Peña, who was facing impeachment proceedings by the legislative branch, which impeached him "for insufficient performance of his duties".