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Congress removes President Peña in impeachment after Ueno Bank crisis

|Paraguay Peña

BBC News Mundo reports that Paraguay's Congress removed President Santiago Peña through impeachment (juicio político) following the Ueno Bank crisis. The opposition accuses Peña of conflict of interest over his ties to Grupo Vázquez, the conglomerate that owns Ueno Bank; other reports say he remained a business partner of the group until March 2025, while the bank says he was never a shareholder or investor. Paraguay's central bank seized and dissolved the digital lender in early November, freezing savings for millions of customers. An impeachment request against Peña and Vice President Pedro Alliana was filed on 4 November. The feed that triggered this tracker also claimed Peña was arrested; no source reviewed confirms an arrest, so that remains unverified.

A woman at a protest against President Santiago Peña holds a sign reading 'Se busca ladrón'
A woman at a protest against President Santiago Peña holds a sign reading 'Se busca ladrón' — BBC News Mundo