Ex-president Peña appears before Paraguay prosecutors after impeachment

what happened

Reuters reports that Santiago Peña, Paraguay's former president, went to the Attorney General's Office on Saturday to meet prosecutors. The visit came one day after impeachment proceedings against him and an order placing him under house arrest.

Prosecutors said on Friday that the charges are still being worked out, though they could include influence peddling. The case is part of a wider political and financial crisis that followed the collapse of the digital lender ueno.

why it matters

For markets, the story is mainly a political shock in Paraguay linked to the failure of a digital lender, so its direct effect on prices is likely limited. Still, investors tracking Latin American assets may watch how the case develops, since political instability can weigh on sentiment toward the country.

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