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Paraguay President Faces Accusations of Misconduct, Conflict of Interest | WION Race to Power

WION6 Nov 2026

Paraguayan president Santiago Peña resigned on Thursday after the collapse of digital lender Ueno Bank triggered widespread protests, froze millions of dollars in deposits and cost him the backing of his ruling Colorado Party. Minutes after his announcement, the country's lower house voted 78-0 to impeach him, sending the charges to the Senate.