The Partido Colorado agreed this Tuesday to permanently remove former president Santiago Peña from its ranks, who remains in pretrial detention since last weekend due to the case opened after the fall of Ueno Bank, an entity whose bankruptcy caused the loss of the savings of millions of customers.
A conduct tribunal of the ruling party resolved to "expel" the exmandatary for "reproachable conduct, proven malfeasance in the performance of his functions in the political trial" held last Friday, applying what is provided for in its internal statutes and in its ethical code.
In an official brief, the party argues that Peña's actions that led to his 'impeachment' "affect the ideological and moral principles" of the organization.
The Partido Colorado also emphasizes in its ruling that "the Paraguayan nation was seriously affected by criminal acts of a nature arising from the conduct of the president of the Republic" and notes that "its main grievance (is) the dishonor caused to the people" and to the formation itself.
Peña's removal from the Presidency is directly linked to the collapse of Ueno Bank, a financial entity related to the head of state's former business partners, which ended up being intervened by the Central Bank of Paraguay after its solvency collapsed below the minimum thresholds that guarantee the protection of the deposits of its millions of users.