Paraguay President Ousted After Owino Bank Freeze, VP Takes Over

Paraguay's President Santiago Peña was removed from office following the collapse of Owino Bank, which froze millions of customer accounts amid allegations of conflict of interest and regulatory manipulation. His vice president has assumed power, and an investigation into Peña's ties to the bank is underway. The event marks a significant political upheaval, though the exact legal basis for the ouster and the extent of the bank's collapse remain unclear.

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