Paraguay’s President Santiago Peña impeached and below home arrest after financial institution collapse scandal

Crime

By Linda Ikeji
7 November 2026, 1:07 pm

Paraguay’s President Santiago Peña was faraway from workplace and positioned below home arrest on Friday, November 6, after the collapse of Ueno Bank left hundreds of thousands of individuals unable to entry their financial savings and pensions.

All 44 senators current, together with members of Peña’s personal celebration, voted to take away him. One senator was absent. Peña was arrested minutes after the vote, and Vice President Pedro Alliana was sworn in as interim president. He is anticipated to serve till 2028.

Peña had supplied to resign on Thursday, November 5, however senators proceeded with impeachment, stripping him of the immunity usually granted to former presidents. Senate President Basilio Núñez stated Peña had been discovered responsible of “dereliction of duty”.

The impeachment allegations included conflicts of curiosity, manipulation of regulatory oversight, diversion of pension funds and involvement in a cover-up involving the central financial institution. Peña, who till final 12 months held shares within the firm that owned Ueno Bank, has denied wrongdoing.

Prosecutor Silvia Margarita Gonzalez Vester stated Peña was as a result of be questioned o