Pedro Alliana Sworn In as Paraguay’s New President Amid Political Turmoil

Asunción:Pedro Alliana was sworn in as Paraguay's new president on Friday as authorities placed his predecessor, Santiago Peña, under house arrest. This development comes amid a political and financial crisis triggered by the collapse of a digital bank.

According to Wam, prosecutors outside Peña's residence in Asunción stated that charges were still being determined, but they could include influence peddling. Peña has been ordered to appear at the prosecutor's office on Saturday morning.

Peña was ousted from the presidency about an hour before Alliana's swearing-in, following a unanimous Senate vote. Lawmakers cited concerns over Peña's past connections to the collapsed digital bank Ueno, which had provided accounts for nearly half of Paraguay's population.