New Delhi, Nov. 7 -- Paraguay's Senate voted to impeach President Santiago Peña, following which he was placed under house arrest over the collapse of a major bank to which he had business links.

According to CNN, Paraguay's Attorney General opened three criminal cases against Peña and other former officials related to the bank crisis. The impeachment vote strips Peña of his parliamentary immunity.

Santiago Peña was ousted by the Senate over the collapse of a government-linked bank that locked nearly half the country's 6 million people out of their savings, according to the Associated Press.

Lawmakers accused the president of using his political influence to steer hundreds of millions of dollars in public funds into...