Paraguay swears in new president as Pena is put under house arrest after digital bank collapse triggers crisis. Read more at straitstimes.com.

Santiago Peña was ousted from the presidency about an hour beforehand in a unanimous Senate vote, with lawmakers citing questions over his past links to the collapsed digital bank ueno that had provided accounts for nearly half of Paraguay's population.

Santiago Peña was ousted from the presidency about an hour beforehand in a unanimous Senate vote, with lawmakers citing questions over his past links to the collapsed digital bank ueno that had provided accounts for nearly half of Paraguay's population.

Paraguay’s Senate has ousted President Santiago Pena over the collapse of a major bank tied to his government. Millions of customers' accounts are frozen, with public pension and health care funds also tied up.

Paraguay's Senate unanimously impeached Santiago Peña after the collapse of Ueno Bank. The scandal has frozen savings, fuelled protests and widened a criminal investigation.

Suspected financial fraud, public money at risk and millions of customers affected: Paraguay is in serious crisis following the sudden collapse of Ueno Bank. President Santiago Pena is facing impeachment.