Paraguay’s President Santiago Peña has introduced his resignation following a political disaster sparked by the collapse of a financial institution linked to him.
“I wish to apologise to the individuals if at any level I failed,” he mentioned in a video message on social media.
The political disaster in Paraguay erupted after monetary establishment Ueno Financial institution, which was linked to Peña, entered an insolvency course of, which froze all operations.
Peña’s resignation got here after Paraguay’s decrease home of congress voted in favour of pursing an impeachment trial towards him.
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