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The Senate approves, with the votes of all the legislators of the government, the political death of the president, which was achieved by a financial scandal. Vice President Pedro Alliana is sworn in as new head of state
Peña was removed from office and now faces possible criminal responsibilities for her role in the Ueno Bank scandal.
In our section 'In Context' we analyze the centenary validity of the Colorado Party of Paraguay and how even with the questions to President Santiago Peña about the case of Ueno Bank political force is not at the focus of the storm. Meanwhile, we review why Congress decided not to take the resignation of the red president, how the political trial process follows and what is expected for the succession of 2028.
The lawyers of the President of Paraguay, Santiago Peña, presented themselves to the House of Senators to assume the technical defence of the president, after the Senate rejected the request for a 72-hour extension. The defence clarified that, for the time being, only the legal team will appear, not the president, who will be waiting for the Senate to enable a court to exercise his defence in a personal way. The lawyer also questioned the conditions imposed by Congress and stated that they limit the scope of the defence. How did Paraguay get to this crisis? We analyzed it.
How did Ueno Bank grow in Paraguay and what role did President Santiago Peña's business links play with the group behind the entity? The financial scandal that shook the country raised questions about the relationship between political power, public resources and the banking system. We analyzed it in The France Debate 24.
The Senate of Paraguay rejected the 72-hour extension request made by the resigning president, Santiago Peña, to prepare his defence in the political trial. The President or his legal team must now appear before the House. Report from our correspondent, Flavia Borja.
The opposition accuses Santiago Peña of conflict of interest for his links with the Ueno Bank's own group and questions possible economic benefits.
President Santiago Peña, whose resignation was not accepted or rejected, is expected to present himself with his defense in Congress to offer his testimony. However, Peña requested an extension of 72 hours to prepare his case.
Lawyers Adolfo Ferreiro and Ricardo Preda appeared this Friday before the Senate of Paraguay to exercise the technical and legal defence of Santiago Peña, who did not show up personally despite being summoned. The hearing began after the High House rejected the request for a 72-hour extension requested by the president, in the midst of the political crisis unleashed by the intervention and closure of Ueno Bank, an entity linked to the president and which managed funds from more than 2.9 million customers.
Three years after assuming power, Santiago Peña ended up being dragged away by the crisis following the intervention of the Ueno Bank.
Paraguayan President Santiago Peña, who resigned on Thursday, has moved in three years from an image of a brilliant economist embodying the young guard of the ruling party in the country, to that of a stateman who is dismissed for his ties with a bank that has become insolvent.
Economist Santiago Peña came to the presidency of Paraguay in 2024 as one of the youngest leaders in the country's history, carrying points for his proximity to the business world, especially the bank Ueno, which is currently in insolvency and pushed Peña to resign from office.
The president announced this Thursday his resignation for his role in managing one of the country's major banks, which was intervened this week.
Despite not being certain of the location of President Santiago Peña, the still president spoke in his official account of X and said that he would come to the political trial and exercise his right to defence, so the media assume that he is still in the country despite rumors that he already left Paraguayan territory. Our correspondent Flavia Borja extended our information.
The Senate suspended the session in which it voted whether to accept the resignation of President Santiago Peña or to proceed with a political trial after a quorum. According to our correspondent Flávia Borja, several legislators had left the room and hid in the bathrooms to not complete the majority of votes, so dozens of protesters on the outskirts are increasingly upset.
The Ueno Bank scandal costs Paraguay's President, Santiago Peña. The president presented his resignation in the midst of the crisis unleashed by the intervention and closure of the digital bank, which affects almost three million customers, who fear that they will not be able to recover their money.
The Paraguayans are moving in the streets to the Plaza de Armas de Asunción following the announcement of the resignation of President Santiago Peña for his connection with the bank Ueno Bank, a platform that announced its dissolution for financial insolvency. The protesters demand a political trial against the president and ask their fellow citizens to go to the streets to demand answers. Inform our correspondent Flavia Borja.
Dozens of Paraguayans move in Asunción to the cry of "political judgment" and "not a step back," after President Santiago Peña announced his resignation in the midst of the crisis unleashed by the intervention and closure of Ueno Bank, which affects millions of customers.
On November 5, Paraguayan President Santiago Peña announced his resignation in the midst of a political crisis triggered by the intervention and closure of the digital bank Ueno Bank. The audit revealed that the entity's solvency fell below the minimum required and that Peña had shares in Ueno Holding, the group to which the bank belonged, which put the president in the eye of the hurricane.'La Nación 'examines the keys to this case, which unleashed one of the strongest political and banking crises in Paraguay's recent history.
On 3 November, the Central Bank of Paraguay decided to intervene Ueno Bank for insufficient capital, and its services were suspended. After the scandal, President Santiago Peña presented his resignation for alleged links with the entity. Almost half of the 6.4 million Paraguayans have an account in Ueno. What is the future of customer money? We analyzed it with Esteban Caballero, a polytologist and a researcher.
