️🇵🇾 Reuters: Paraguay has sworn in former vice president Pedro Eliana as its new president following the ouster of Santiago Peña, who was subsequently placed under house arrest amid a major political and financial crisis.
Peña was removed from office on Nov. 6 following a unanimous Senate vote on allegations related to the collapse of digital lender Ueno Bank. Prosecutors are investigating possible crimes, including influence peddling, while Peña has denied wrongdoing.
The banking crisis has left millions of Paraguayans struggling to access their savings, and prompted widespread protests and investigations into alleged corruption and regulatory failures. Eliana now assumes the presidency while authorities work to restore financial stability and deal with the fallout.