Paraguay: Former President Peña Charged Over Ueno Bank Collapse

On November 7, 2026, prosecutors in Asuncion charged former President <b>Santiago Peña</b> with breach of trust and personal gain linked to the collapse of Ueno Bank, which has jeopardised the savings of hundreds of thousands of account holders and triggered the country’s biggest political crisis in a decade. Chief prosecutor for corruption and economic crimes, <b>Nancy Salomón</b>, announced the charges during a press conference. Peña had been ousted on Friday, November 6, after a parliamentary impeachment over the banking crisis. The indictment follows a farewell message from Peña expressing hope his departure would spare Paraguay further harm. The investigation will proceed under Paraguayan law, with authorities stating the matter is under investigation. The case is expected to influence the nation’s financial stability and political landscape moving forward.