Pedro Alliana becomes president after Santiago Peña's impeachment; a judge orders Peña held before trial as prosecutors investigate a collapsed lender.
Leadership changes during a financial crisis
Paraguay has a new president after lawmakers removed Santiago Peña amid a crisis involving digital lender ueno. Vice President Pedro Alliana was sworn in on November 6 and is expected to serve the remainder of the term through August 2028. A judge on November 7 ordered Peña held in pretrial detention while prosecutors investigate allegations involving public funds and the bank. The court order is a procedural step, not a criminal conviction.
Allegations and denial
Prosecutors allege that Peña improperly influenced public institutions to maintain deposits with ueno despite his prior financial ties to the lender's holding company. Peña denies wrongdoing and has pleaded not guilty. His lawyer says he will cooperate with the investigation and expects the case to be dismissed. Former central-bank chief Carlos Carvallo also faces allegations. Those claims remain to be determined through judicial proceedings; readers should not confuse charges with proven misconduct.
Savers and the wider economy
The bank's collapse has disrupted access to accounts and prompted protests. Reuters reported that Paraguay's central bank said roughly $160 million had been paid to nearly 1.2 million savers through a deposit guarantee scheme by November 7. This developing financial crisis could affect confidence in Paraguay's institutions and its regional relationships. Alliana's policy choices, the bank resolution and court proceedings will determine what happens next.
Sources & transparency
Reuters — Judge orders former Paraguayan president detained before trial, November 7, 2026Reuters — Who is new president Pedro Alliana?, November 7, 2026Original CDN News coverage. Sources are linked for reference.
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