HomeBanksParaguay's Senate resumes President Peña impeachment proceedings

Paraguay’s Senate resumes President Peña impeachment proceedings

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By Daniela ‌Desantis

ASUNCION, Nov 6 (Reuters) - Paraguay's Senate ​went ahead with an extraordinary meeting on Friday ⁠to decide on the future of President Santiago Peña, who had submitted his ​resignation the prior day. 

The Senate has resumed ‌impeachment proceedings against Peña after he handed in his resignation on Thursday following the ⁠collapse of a prominent digital ⁠lender, ueno, to which he had former business links. 

On Thursday evening, lawmakers acting as prosecutors filed the charges for ‌his impeachment; the next step is ⁠for Peña to defend himself, ‌for which he has ​requested a 72-hour extension. 

The turmoil began earlier this week after Paraguay's central ‌bank intervened in ueno, saying ​the fast-growing digital ⁠bank had breached minimum solvency ‌requirements. The fallout has ⁠already forced out the central bank chief and led to arrest warrants for ​eight ueno executives, ‌who later turned themselves in. 

(Reporting by Daniela ⁠Desantis in Asuncion; ​Adittional reporting by Aida Pelaez-Fernandez; Editing ​by Lucinda Elliott)

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