Paraguay's president removed over failure of major bank

Detailed summary

Paraguay's Senate removed President Santiago Pena from office for alleged misconduct over the failure of a major bank with accounts for nearly half of the country's population.

Paraguay's Senate removed President Santiago Pena from office for alleged misconduct over the failure of a major bank with accounts for nearly half of the country's population.

Turmoil continues in the South American country as people who were unable to withdraw their deposits are holding protest rallies.

The Senate on Friday unanimously decided to dismiss Pena after carrying out impeachment proceedings, accusing him of alleged diversion of pension funds and illicit intervention.

Alliana stressed that he will try to bring the situation under control, giving priority to those who are in the most difficult situation and immediately start compensation measures.

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