WorldPolitics

Ousted Paraguay president under house arrest after bank collapse

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 07/11/2026, 06:23:24 UTC.

Briefings

Paraguayan authorities placed ousted president Santiago Peña under house arrest following the Senate's removal of his office due to a banking crisis that froze savings for nearly half the population. Peña resigned over the scandal, but lawmakers proceeded with impeachment proceedings that stripped him of political immunity. The event occurred on Friday, November 7, 2026, in Asunción, Paraguay.

Key points

• Santiago Peña was placed under house arrest by Paraguayan authorities on Friday, November 7, 2026, after the Senate removed him from office.
• The Senate removed Peña from office because a massive banking crisis locked nearly half of Paraguayans out of their savings.

Context

This event marks the end of a political crisis in Paraguay where a banking collapse caused widespread financial instability. The Senate's action followed Peña's offer of resignation, which was rejected by lawmakers who proceeded with impeachment proceedings to strip him of political immunity.

Limitations

Evidence is limited to the specific actions taken by authorities and the Senate on November 7, 2026. No additional background on the banking crisis or the broader political context is supplied beyond the Senate's removal of Peña and the subsequent house arrest.

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