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The Paraguayan Senate voted Friday to remove President Santiago Peña from office for poor performance of his duties following the collapse of digital lender Ueno Bank. The decision was unanimous among senators present.
The Chamber of Deputies approved the impeachment accusation Thursday with 78 votes in favor. Lawmakers alleged conflicts of interest arising from Peña’s involvement in Ueno Holding and his appointment of former Ueno executive Carlos Carvallo to lead the Central Bank of Paraguay (BCP). They also accused Peña of promoting changes to conflict-of-interest legislation and allowing Social Security Institute funds to be concentrated in the bank beyond legal limits.
Article 225 of Paraguay’s Constitution authorizes impeachment for poor performance of official duties, offenses committed in office or ordinary crimes. The Chamber of Deputies brings the accusation, and the Senate conducts a public trial. A finding of guilt removes the official from office; allegations of criminal conduct are referred to the ordinary courts.
The Senate rejected Peña’s request for an additional 72 hours to prepare his defense. He did not attend the proceedings and was represented by lawyers Adolfo Ferreiro and Ricardo Preda.
Preda argued that the accusation identified no specific legal provision Peña had violated and attributed to him decisions belonging to autonomous institutions, including the BCP and the Social Security Institute. He also contended that Peña’s submission of a resignation letter Thursday deprived Congress of jurisdiction to proceed. Ferreiro challenged the proceedings’ validity and reserved Peña’s right to seek review before domestic and international tribunals.
Presenting the accusation, Deputy Rocío Vallejo argued that Peña had endangered state assets, including for his own benefit. Senators maintained that the proceedings concerned poor performance through action or omission rather than ordinary criminal liability.
The BCP announced Tuesday that it had ordered Ueno Bank into a resolution process the previous day after finding that its solvency ratio had fallen below half the required minimum. The Senate subsequently advanced legislation to accelerate payments under the deposit guarantee scheme.
Vice President Pedro Alliana was sworn in as president Friday to complete the 2023–2028 term. Congress elected Senator Antonio Barrios to fill the vacant vice presidency.
In separate criminal proceedings, prosecutors ordered Peña and Carvallo detained Friday. Both face charges of breach of trust and administration for personal gain, while Carvallo also faces a charge of producing false documents. Judge Humberto Otazú ordered Peña held in pretrial detention Saturday at the Presidential Escort Regiment as the investigation continues.
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The Chamber of Deputies approved the impeachment accusation Thursday with 78 votes in favor. Lawmakers alleged conflicts of interest arising from Peña’s involvement in Ueno Holding and his appointment of former Ueno executive Carlos Carvallo to lead the Central Bank of Paraguay (BCP). They also accused Peña of promoting changes to conflict-of-interest legislation and allowing Social Security Institute funds to be concentrated in the bank beyond legal limits.
Article 225 of Paraguay’s Constitution authorizes impeachment for poor performance of official duties, offenses committed in office or ordinary crimes. The Chamber of Deputies brings the accusation, and the Senate conducts a public trial. A finding of guilt removes the official from office; allegations of criminal conduct are referred to the ordinary courts.
The Senate rejected Peña’s request for an additional 72 hours to prepare his defense. He did not attend the proceedings and was represented by lawyers Adolfo Ferreiro and Ricardo Preda.
Preda argued that the accusation identified no specific legal provision Peña had violated and attributed to him decisions belonging to autonomous institutions, including the BCP and the Social Security Institute. He also contended that Peña’s submission of a resignation letter Thursday deprived Congress of jurisdiction to proceed. Ferreiro challenged the proceedings’ validity and reserved Peña’s right to seek review before domestic and international tribunals.
Presenting the accusation, Deputy Rocío Vallejo argued that Peña had endangered state assets, including for his own benefit. Senators maintained that the proceedings concerned poor performance through action or omission rather than ordinary criminal liability.
The BCP announced Tuesday that it had ordered Ueno Bank into a resolution process the previous day after finding that its solvency ratio had fallen below half the required minimum. The Senate subsequently advanced legislation to accelerate payments under the deposit guarantee scheme.
Vice President Pedro Alliana was sworn in as president Friday to complete the 2023–2028 term. Congress elected Senator Antonio Barrios to fill the vacant vice presidency.
In separate criminal proceedings, prosecutors ordered Peña and Carvallo detained Friday. Both face charges of breach of trust and administration for personal gain, while Carvallo also faces a charge of producing false documents. Judge Humberto Otazú ordered Peña held in pretrial detention Saturday at the Presidential Escort Regiment as the investigation continues.
The post Paraguay Senate removes president from office in bank collapse impeachment trial appeared first on JURIST - News.
Continue reading...
Note: We don't have any responsibilities about this news. Its been posted here by Feed Reader and we had no controls and checking on it. And because News posted here will be deleted automatically after 21 days, threads are closed so that no one spend time to post and discuss here. You can always check the source and discuss in their site.