A financial scandal at a digital bank has dragged Paraguay into crisis, with customers reporting blocked accounts and financial losses.
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A financial scandal involving a digital bank sparked a crisis in Paraguay, with customers reporting blocked accounts and losses.
How financial scandal in a digital bank dragged Paraguay into crisis
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The Paraguayan Senate ignored President Santiago Peña's resignation request and began impeachment proceedings on Thursday night (5). The scandal at Grupo Vázquez's ueno bank left around 3 million customers without access to deposits worth approximately US$850 million. Peña must present his defense on Friday (6); 30 votes from the 45 senators are needed for conviction. If convicted, he will lose his mandate and lifetime position as senator, and vice-president Pedro Alliana will take over until August 2028.
A financial scandal involving a digital bank sparked a crisis in Paraguay, with customers reporting blocked accounts and loss of funds. A daughter of affected Brazilians said the family woke up with nothing. Other topics include Lula's statements about the economy, TSE action against Lula and Alckmin, dispute over PL in Brazil, Trump's comments about Iran and new taxation on beer and wine.
A financial scandal involving a digital bank sparked a crisis in Paraguay, with customers reporting blocked accounts and loss of funds.
A financial scandal involving a digital bank caused a crisis in Paraguay, leaving customers, including Brazilians, with blocked accounts and without access to their resources.

The president of Paraguay speaks out regarding the ongoing impeachment process, stating that he will exercise his right to defense with arguments and evidence. He highlights that payment to account holders cannot be conditioned on their personal destiny and asks the population for calm and peace.