Paraguayan former president Santiago Peña has been detained and charged in connection with the Ueno Bank crisis.

Updated 2026-11-08 · told from many outlets at once

Former Paraguayan President Santiago Peña has been removed from office and placed under preventive detention. The Paraguayan Senate unanimously approved his removal following a political trial for poor performance of duties. The Prosecutor's Office has charged Peña with alleged breach of trust and self-dealing in the Ueno Bank case.

• The former Paraguayan president Santiago Peña was transferred to the prosecutor's office.
• The Prosecutor's Office formally charged Peña with alleged breach of trust and self-dealing.
• The prosecutor ordered the arrest of Carlos Carvallo, former head of the Central Bank of Paraguay.
• The Central Bank of Paraguay ordered a resolution or closure process for Ueno bank.
• Ueno bank had 2.94 million clients, including state institutions.
• The charges against Santiago Peña relate to alleged irregularities in the Ueno Bank scandal.
• The Central Bank intervened in Ueno Bank after solvency dropped below 50 percent.
• The Prosecutor's Office requested preventive detention for Santiago Peña and Carlos Carvallo.
• The new President, Pedro Alliana, promised to compensate those affected by the financial collapse.
• The Central Bank has already returned some deposits to almost 1.2 million savers.

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