In Paraguay, President Santiago Pena was ousted and placed under house arrest after the bank collapse. Reuters Paraguay's Senate voted unanimously on November 6 to oust President Santiago Peña amid a political and financial crisis caused by the collapse of digital bank ueno. Pena was placed under house arrest shortly after his suspension, Reuters reported. The country's new president was 52-year-old Vice President Pedro Eliana, who took the oath of office that day. The day before, Pena offered to resign himself, but the Senate decided to complete the impeachment procedure. The basis for the removal were allegations of conflict of interest, manipulation of bank supervision, diversion of funds to pensions and concealment of violations concerning the central bank. According to Reuters, by 2025 Pena would be the owner of the bank's holding company Ueno. The financial institution served almost half of the Paraguayan population. Pena himself denies the accusations and claims that the situation is related to issues of banking regulation. The prosecutor's office is still determining the final charges against the former president. Among the options you can find influence trading. In addition, law enforcement authorities issued an arrest warrant for the former head of the central bank, Carlos Carvalho, who previously led ueno. Eight former bank executives have already been arrested. The interior minister, the head of the presidential staff and two of her advisers also resigned due to the crisis. The collapse of the bank sparked protests in Asuncion. Thousands of savers faced restrictions on access to their funds, including pensioners who received government payments through ueno. The protesters demand the return of the frozen savings and the prosecution of those responsible. The authorities are trying to speed up payments to depositors and prevent the spread of the financial crisis.

In Paraguay, President Santiago Pena was ousted and placed under house arrest after the bank collapse. Reuters Paraguay's Senate voted unanimously on November 6 to oust President Santiago Peña amid a political and financial crisis caused by the collapse of digital bank ueno. Pena was placed under house arrest shortly after his suspension, Reuters reported. The country's new president was 52-year-old Vice President Pedro Eliana, who took the oath of office that day. The day before, Pena offered to resign himself, but the Senate decided to complete the impeachment procedure. The basis for the removal were allegations of conflict of interest, manipulation of bank supervision, diversion of funds to pensions and concealment of violations concerning the central bank. According to Reuters, by 2025 Pena would be the owner of the bank's holding company Ueno. The financial institution served almost half of the Paraguayan population. Pena himself denies the accusations and claims that the situation is related to issues of banking regulation. The prosecutor's office is still determining the final charges against the former president. Among the options you can find influence trading. In addition, law enforcement authorities issued an arrest warrant for the former head of the central bank, Carlos Carvalho, who previously led ueno. Eight former bank executives have already been arrested. The interior minister, the head of the presidential staff and two of her advisers also resigned due to the crisis. The collapse of the bank sparked protests in Asuncion. Thousands of savers faced restrictions on access to their funds, including pensioners who received government payments through ueno. The protesters demand the return of the frozen savings and the prosecution of those responsible. The authorities are trying to speed up payments to depositors and prevent the spread of the financial crisis.