The ouster on Friday of Paraguay’s Santiago Pena as the country’s president in connection with a financial scandal is a cautionary tale against the blatant abuse of power by the world’s high and mighty in collusion with craven public officials. The dramatic downfall of the former International Monetary Fund economist came within days of the collapse of the government-backed Ueno Bank, which has since been taken over by Paraguay’s Central Bank, declaring it insolvent. The 47-year-old former finance minister had held stakes until last year in a company related to Ueno, fuelling concerns over conflict of interest. The country’s congress decided on Friday unanimously to launch impeachment proceedings, strip Pena of immunity, and place him under........

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