11 Hrs
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البيان
Source: البيان
11 Hrsالبيان
Source: البيان
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Opposition blocs in Paraguay have filed a motion to impeach President Santiago Peña, accusing him of mismanagement and conflicts of interest after the central bank took control of Ueno Bank, whose parent group Peña had previously held shares in. The motion has gathered 35 signatures and is due to be debated by the Chamber of Deputies. It requires 53 of the chamber’s 80 votes to pass, followed by approval from 30 members of the Senate, where the president’s party holds a majority in both chambers. The crisis erupted after the bank, which has more than 3 million customers, suspended its services amid a severe capital shortfall. Central Bank Governor Carlos Carvallo also resigned at Peña’s request.
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