Paraguay president Santiago Pena placed under house arrest over banking crisis
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Paraguay’s Senate impeached and convicted President Santiago Pena on Friday over a banking collapse that froze millions of deposits, public pensions, and health care funds, stripping him of immunity and lifetime Senate status. Vice President Pedro Alliana will serve the remainder of the term ending in August 2028, while prosecutors ordered house arrest for Pena and former central bank chief Carlos Carvallo.
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