Paraguay's Senate Rejects President's Request to Extend Impeachment Defense Preparation Time

According to a TechFlow report on November 7, citing Decrypt, Paraguay's Senate rejected President Santiago Peña's request for an additional 72 hours to prepare his impeachment defense. The Senate had originally planned to vote on his removal on Friday evening local time.

Amid protests triggered by the Ueno Bank crisis, Peña had previously submitted his resignation, but the joint session of Congress convened to accept it was adjourned due to lack of a quorum. He subsequently said he would face the impeachment and defend himself. The Chamber of Deputies had previously initiated impeachment proceedings by a vote of 78-0.

The report also said that the Minister of the Interior and the central bank governor had resigned, and that 8 Ueno executives had been arrested. Prosecutors have launched a criminal investigation into whether Peña was responsible for the bank's regulatory violations; Peña has denied the allegations.

Source: TechFlow