Paraguay: Senate impeached Peña rather than accept his offer to resign

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Nov 8, 2026
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By police, Santiago Peña arrives for questioning
a mere day after being removed from Paraguay's
highest office.
Now, the former president faces charges over the collapse of Ueno Bank.
The public prosecutor's office has filed charges against
the former president of the republic,
Mr. Santiago Peña.
The criminal charges relate to breach of trust and embezzlement.
Prosecutors allege Peña used his position
to funnel large sums of public money into Ueno
while maintaining financial ties to the bank. Peña denies wrongdoing
and says the bank's problems were a matter for regulators.
A judge has now ordered him into custody.
The former central bank chief, Carlos Carvalho,
has also been charged.
On Friday, all 44 senators present voted to remove Peña.
Three days after regulators seized Ueno,
freezing nearly 3 million customers' access to their savings,
the central bank says around $160 million has now
been paid out to nearly 1.2 million savers,
covering some or all of their insured deposits.
But anger on the streets extends to Peña's successor,
his former vice president, Pedro Alania.
They are all accomplices. All accomplices.
They are part of the same clique. Yes, part of the same clique.
The scheme continues.
Aliana has promised help for savers and begun appointing a cabinet
to serve out the remainder of Peña's term until 2028.
But pressure is mounting.
Paraguay's largest teachers' union plans
an indefinite strike from Monday,
demanding protection for public pension funds.
