Paraguay’s Senate removes Peña after Ueno Bank collapse
Politics · First reported 6 Nov, 03:49 · Updated 04:04
Paraguay’s Senate voted to remove Santiago Peña over alleged misconduct linked to Ueno Bank’s collapse, and prosecutors placed him under house arrest. Vice-President Pedro Alliana took over as president; millions of bank customers were left unable to access their deposits.
- All 44 senators present voted to remove Peña for misconduct in office after the bank’s collapse.
- Prosecutors ordered Peña to remain under house arrest pending proceedings on allegations including breach of trust and influence peddling; he has denied wrongdoing.
- Ueno’s closure left millions of customers unable to use their accounts, cards or transfers; the bank held hundreds of millions of dollars in public-sector deposits.
- Vice-President Pedro Alliana was sworn in to complete the presidential term, which ends in August 2028.
Summary written by Lux AI from 6 articles
Key facts
- Senate vote
- All 44 senators present voted to remove Peña.
- Customers affected
- Ueno served about 2.94 million customers, roughly 60% of Paraguay’s adult population.
- Public-sector deposits
- Ueno held roughly $800 million in public-sector deposits, according to the bank.
- Successor
- Vice-President Pedro Alliana took over for the term ending in August 2028.
- Charges
- Prosecutors charged 27 bank officials and business associates with offenses including breach of trust and attempted fraud.
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