Houston talk. Take it with you.Free KSEV Radio appGet for iPhoneGet for Android
Skip to content
KSEV 700 AM KSEV 700 AMThe Voice of Texas

FROM SRN NEWS

Paraguay’s Senate resumes President Peña impeachment proceedings

SHARE X Facebook

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)

Brought to you by www.srnnews.com

SRN News — View the original story at SRNNews.com.

LIVE The Amigos Show Tap play to listen
0:00 0:00
Show