# Paraguay Senate dismisses President Santiago Pena over bank crisis

- URL: https://talkfuse.com/story/paraguay-senate-dismisses-president-santiago-pena-over-bank-crisis/
- Published: 2026-11-06T23:23:00+00:00
- Updated: 2026-11-07T09:26:26+00:00
- Original publisher: DW (publisher lean: Centre)
- Original article: https://www.dw.com/en/paraguay-senate-dismisses-president-santiago-pena-over-bank-crisis/a-79868484?maca=en-rss-en-all-1573-rdf
- Topics: Government, Politics, World

## Key points

- Paraguay’s Senate removed President Santiago Peña over the Ueno bank crisis.
- Millions of customers lost access to deposits and payments.
- Peña was placed under house arrest as prosecutors consider charges.

## Summary

Paraguay’s Senate impeached and removed President Santiago Peña over allegations linked to the collapse of digital lender Ueno, which left millions unable to access their deposits. The decision enables Vice President Pedro Alliana to take over for the remainder of the term, ending in August 2028, and removes Peña’s former-presidential immunity and lifetime Senate seat.

Peña had resigned the day before the vote, after political allies withdrew their support. Prosecutors ordered his arrest alongside former central bank chief Carlos Carvallo; Peña was later placed under house arrest while prosecutors consider charges. Ueno served about 2.94 million customers, roughly 60% of Paraguay’s adult population, and held around $800 million in public-sector deposits. The Social Security Institute had $355 million at the bank, while lawmakers accused Peña of conflicts of interest, misuse of pension funds and favouritism towards Ueno.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.