📷 Image: Wikimedia Commons / Izquierda Unida
Politics
Paraguay President Impeached Over Bank Scandal
✍️ NDTV Top
🗓 07 Nov 2026, 07:16 AM
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Paraguay's president, Fernando Lugo, has been impeached by lawmakers and placed under house arrest. The charges stem from a bank scandal where he is accused of using his influence to benefit a specific institution.
Fernando Lugo, the president of Paraguay, has been impeached by the country's lawmakers and placed under house arrest. The impeachment follows accusations that Lugo used his political influence to direct public funds towards a specific bank, Ueno, while regulators allegedly overlooked risky insider lending practices. Lugo has denied all wrongdoing.