Paraguay's Santiago Peña impeached and placed under house arrest

Paraguay's President Santiago Peña has been removed from office by the Senate and placed under house arrest over the collapse of Ueno Bank.
What happened
On Friday, 6 November 2026, all 44 senators present, including members of Peña's own Colorado Party, voted to remove him; one senator was absent. He was arrested minutes after the vote, and Vice-President Pedro Alliana was sworn in as interim president, expected to serve until 2028. Peña had offered to resign on Thursday, but senators went ahead with the impeachment, which strips him of the immunity normally enjoyed by former presidents. Senate President Basilio Núñez said Peña had been found guilty of dereliction of duty.
The allegations
The impeachment charges included conflicts of interest, manipulation of regulatory oversight, diversion of pension funds and involvement in a cover-up involving the central bank. Peña, who until last year held shares in the company that owned Ueno Bank, has denied wrongdoing. Prosecutors said he was due to be questioned.
Background
The collapse of Ueno Bank left large numbers of Paraguayans unable to access their savings and pensions, triggering a political crisis. Peña, an economist and former finance minister, took office in August 2023. Earlier this week, he apologised to Paraguayans in a video message.
What happens next
Investigators are expected to continue their inquiries into the bank's collapse, while depositors wait to learn whether they will recover their money.
- All 44 senators present voted to remove Peña.
- He was placed under house arrest.
- Vice-President Pedro Alliana is now interim president.



