Ousted Paraguayan President Santiago Peña Placed Under House Arrest
Source Summary
Paraguay's Senate removed President Santiago Peña from office following the collapse of a government-linked bank that left nearly half the country's 6 million people unable to access their savings. Peña was placed under house arrest on Friday on suspicion of breach of trust, influence peddling, and other charges.
Why it matters
The removal of a sitting president and subsequent arrest signals a major political and institutional crisis in Paraguay, with a systemic banking failure affecting millions of citizens.
