HomeBanksParaguay Congress begins session to debate President Peña's impeachment

Paraguay Congress begins session to debate President Peña’s impeachment

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ASUNCION, Nov ‌5 (Reuters) - Paraguay's Congress on Thursday ​began the process of seeking President Santiago Peña's ⁠removal, following the collapse of digital lender ueno that has led to protests ​and calls for his resignation.

A two-thirds majority of ‌lawmakers participating in the session is needed to begin impeachment proceedings.

The impeachment push gathered momentum ⁠early on Thursday as ⁠Congress President Basilio Nuñez and Colorado Party leader Horacio Cartes withdrew their support for Peña, leaving the president increasingly isolated ‌ahead of the vote.

Paraguay's Congress late on ⁠Wednesday convened an extraordinary ‌session to debate Peña's future, ​after 35 lawmakers submitted impeachment articles in the 80-seat lower house.

Lawmakers accuse Peña of ‌conflicts of interest, misuse ​of pension funds ⁠and institutional cover-ups linked to the ‌collapse of digital ⁠lender ueno, which left millions of Paraguayans unable to access their accounts this week.

Peña ​was a shareholder ‌in the group that controlled ueno until ⁠last year.

(Reporting by Daniela ​Desantis; writing by Lucinda Elliott; Editing ​by Aida Pelaez-Fernandez)

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