Lawmakers had scheduled an extraordinary legislative session to impeach the president over alleged conflicts of interest, misuse of pension funds, and institutional cover-ups linked to the failed lender. Demonstrators flooded the streets demanding accountability as millions of account holders found themselves locked out of their savings. Before collapsing, the financial firm had evolved from a niche fintech startup into a mid-tier bank managing massive state assets. Vice President Pedro Alliana is now slated to assume the presidency.
Key points
Vice President Pedro Alliana is set to replace Santiago Pena as the president of Paraguay.: Vice President Pedro Alliana is set to replace Santiago Pena as the president of Paraguay.
The president lost crucial backing from members of his own conservative party prior to st…: The president lost crucial backing from members of his own conservative party prior to stepping down.
Opposition lawmakers had organized an extraordinary session to formally launch impeachmen…: Opposition lawmakers had organized an extraordinary session to formally launch impeachment proceedings against the leader.
Sources checked by our analysis pipeline: 1
Paraguayan President Santiago Pena resigned on Thursday after calls for his removal swelled following the collapse of digital lender ueno that left millions of customers unable to access their accounts.
“I do so with the stability of our country, social peace and the need to preserve our democratic institutions in mind,” he said in a video recorded address on Thursday.
Pena, an ally of US President Donald Trump, is stepping down after the opposition called an extraordinary session to begin the process of filing an impeachment motion in Congress, and as protesters demanded his resignation.
Earlier on Thursday Pena lost backing from members of his own conservative party. Vice President Pedro Alliana is set to take office as his replacement.
Lawmakers had accused Pena of conflicts of interest, misuse of pension funds and institutional cover-ups linked to the collapse of ueno, which had grown quickly from a niche fintech player into a mid-tier bank administering close to $850 million in public funds.
Newly unsealed legal records reveal federal immigration authorities coordinated travel logistics with Tehran officials to execute removal orders despite an ongoing armed conflict. An active lawsuit alleges the government improperly transferred confidential asylum seeker information to facilitate these returns. A federal judge has intervened over safety concerns, requiring advance notice before any further deportation efforts take place.
Newly unsealed court records reveal that federal immigration authorities secretly coordinated with Tehran as recently as mid-October to organize three deportation flights through a third nation. The policy faced fierce scrutiny from a federal judge after a lawsuit claimed confidential asylum seeker records were improperly shared with Iranian officials during wartime. These covert efforts highlight an aggressive push to execute removals despite severe safety risks to the deportees.
State election officials continue tallying ballots that indicate the ambitious wealth-tax initiative will fall short of passage. The measure sought to tap into the fortunes of the state's richest residents to inject substantial new funding into healthcare programs. Its anticipated rejection marks a significant setback for advocates attempting to address healthcare finance through targeted billionaire asset levies.