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Paraguay arrests ex-President Peña over Ueno Bank collapse

rainews.it (Italian) — November 7, 2026 at 01:01 AM UTC

Former Paraguayan President Santiago Peña was arrested at his home in Asunción on Friday evening, November 6, on judicial orders related to the Ueno Bank case, according to ABC Color. The arrest coincided with Pedro Alliana's swearing-in ceremony at the National Congress, where he formally assumed the presidency following Peña's removal through political impeachment. Alliana will complete the current presidential term, which ends in August 2028, and promised that citizens affected by the financial chaos will be fully compensated. Peña faces accusations of responsibility for the crisis triggered by Ueno Bank's resolution and remains in custody pending justice. Brazilian President-elect Lula offered congratulations and expressed hope for collaborative bilateral work. Protests continue as depositors remain uncertain about recovering funds lost in the bank's bankruptcy, with thousands gathering in front of Parliament and the bank's headquarters. Around 7,000 employees of Grupo Vazquez, the holding company controlling the failed institution, also fear for their jobs and unpaid salaries.

With a significance score of 2.7, this news ranks in the top 13% of today's 30446 analyzed articles.

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