Pedro Alliana was inaugurated as head of state after the Senate voted unanimously to remove Peña rather than accept his prior offer to resign. The political crisis follows the central bank's intervention in ueno, a lender serving nearly half the national population that was closely linked to political elites. Eight former bank executives have been detained, and an arrest warrant was issued for former central bank chief Carlos Carvallo. Authorities are now preparing potential charges against Peña while regulators attempt to protect depositors to stabilize the economy.
Key points
Pedro Alliana has taken power amid public demonstrations by pensioners and depositors dem…: Pedro Alliana has taken power amid public demonstrations by pensioners and depositors demanding accountability for their frozen funds.
Former president Santiago Peña faces looming charges including influence peddling and the…: Former president Santiago Peña faces looming charges including influence peddling and the illicit diversion of public pension funds.
Financial regulators have guaranteed most deposits to soothe nervous markets and key regi…: Financial regulators have guaranteed most deposits to soothe nervous markets and key regional economic partner Brazil.
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Santiago Peña was ousted from the presidency about an hour beforehand in a unanimous Senate vote, with lawmakers citing questions over his past links to the collapsed digital bank ueno that had provided accounts for nearly half of Paraguay's population.
ASUNCION, Paraguay: Pedro Alliana was sworn in as Paraguay's new president on Friday (Nov 6) just as authorities put his impeached predecessor Santiago Peña under house arrest, the latest developments in a fast-moving political and financial crisis triggered by the collapse of a digital bank.
Prosecutors speaking outside Peña's house in Asunción said charges were still being determined but could include influence peddling. Peña was ordered to appear at the prosecutor's office on Saturday morning.
Peña was ousted from the presidency about an hour beforehand in a unanimous Senate vote, with lawmakers citing questions over his past links to the collapsed digital bank ueno that had provided accounts for nearly half of Paraguay's population.
Although Peña offered his resignation on Thursday, the Senate chose to finalise the impeachment process rather than accept, and swiftly moved to install his second-in-command, Alliana.
Washington is intensifying intelligence-gathering efforts as international inspectors struggle to monitor centrifuge movements and critical components across the Islamic Republic. The intelligence bounty arrives amid an eight-month conflict marked by simultaneous backchannel diplomacy and targeted American military strikes on strategic regional infrastructure. Securing granular internal data on personnel and facilities remains pivotal to evaluating Tehran's true nuclear capabilities during ongoing ceasefire talks.
Lawmakers moved swiftly to impeach Santiago Peña after the collapse of Ueno Bank froze funds for millions of citizens, triggering widespread civil unrest and crippling commercial activity. Prosecutors immediately initiated criminal proceedings regarding illicit enrichment and the suspicious transfer of hundreds of millions in state and pension assets into the lender. With his resignation bid blocked, Peña lost key protections and now faces direct prosecution in ordinary courts.
American officials are targeting critical intelligence gaps caused by Tehran's refusal to comply with International Atomic Energy Agency safeguards obligations. The initiative seeks to uncover hidden equipment, sensitive facilities, and personnel movements after international monitors lost continuity of knowledge regarding centrifuge production. This intelligence push coincides with statements from President Donald Trump suggesting Tehran desires a negotiated settlement.