Paraguay Senate removes President Peña; house arrest amid Ueno Bank scandal

Paraguay's Senate removed President Santiago Peña for 'poor performance of duties' linked to the Ueno Bank scandal, which triggered central bank intervention. He was placed under house arrest in a military barracks, marking an unprecedented constitutional crisis. The move signals deep political instability and potential market uncertainty in Paraguay.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works