Paraguayan President Santiago Peña was impeached by Congress and detained minutes later, then placed under house arrest. He is investigated over allegations that he used political influence to favor Ueno Bank, which was suspended this week after irregularities. The bank crisis left more than half the country’s population unable to access their accounts.
WHO:
Paraguayan Congress and President Santiago Peña
WHAT:
Congress impeached Paraguayan President Santiago Peña, who was detained minutes later and placed under house arrest. Peña is under investigation over allegations that he used political influence to favor Ueno Bank. He had been a business partner of the group that owns the bank until March 2025 and is accused of steering millions in government deposits to it and concealing financial troubles despite warnings about loans and solvency. Impeached Paraguayan President Santiago Pena had been a business partner of the group that owns Ueno Bank until March 2025.
WHEN:
Reported Nov 8, 2026 at 11:21 PM ET
WHERE:
Paraguay
WHY:
Peña is accused of steering millions in government deposits to Ueno Bank and concealing its financial troubles despite warnings about loans and solvency. The allegations concern a bank suspended this week after irregularities.
Reporting from 14 identified publishers across this event arc.
