Arrest Warrant Issued for Former Paraguay President
Officials reported the central bank’s liquidation of Ueno Bank following a 50 percent drop below the required capital adequacy minimum.
- On Saturday, Paraguay's Senate unanimously removed President Santiago Peña from office, and Vice President Pedro Alliana was sworn in as the new leader. Alliana, 52, is set to serve until August 2028.
- Lawmakers removed Peña following a financial crisis surrounding Ueno Bank, which became insolvent and left customers unable to access savings. Prosecutors subsequently issued arrest warrants for Peña and central bank chief Carlos Carvallo over alleged banking misconduct.
- Peña unsuccessfully attempted to resign to secure lifetime parliamentary immunity, but Congress refused his departure. During the impeachment hearing, which Peña did not attend, senators concluded he committed misconduct regarding his supervision of the failed lender.
- Interior Minister Enrique Riera, chief of staff Javier Giménez, and presidential legal adviser Roberto Moreno resigned following the political crisis. Prosecutors placed the former president under house arrest until he appears before a specialist unit.
- Alliana, a businessman from the Colorado Party, assumes leadership as Paraguay navigates this political and financial turmoil. He faces the immediate challenge of managing the crisis sparked by the bank's collapse and the resulting government shakeup.
72 Articles
72 Articles
Pedro Alliana, the vice president until now, assumes power in the midst of a banking crisis and after supporting, along with the rest of the ruling party, the political trial that provoked the arrest of Peña
The president of Chile, José Antonio Kast, congratulated this Saturday Pedro Alliana, who assumed the presidency of Paraguay after the dismissal of Santiago Peña, in the midst of a political and financial crisis that shakes his country. Through his X account, the Chilean president sent a message to the new head of state and highlighted the challenges that both nations share in terms of security and economic development. “My congratulations to th…
The new president assumed in the midst of the financial and political crisis in Paraguay after the closure of Ueno Bank, which left more than half of the Paraguayan population without funds and resulted in the resignation of President Santiago Peña last Thursday.
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It doesn't matter if it's cancer, which he already beat in 2019, or a political crisis that makes the government fall, because Hercules Pedro Lorenzo Alliana Rodríguez, the full name of the new president of Paraguay, will find a way to survive.
“They all must go”: Peña’s removal fails to calm anger on Paraguay’s streets
Thousands of Paraguayans celebrated in Asunción on Friday as the Senate removed President Santiago Peña from office, but the joy turned almost immediately to anger among those who wanted a complete change of government. “Out with them all,” hundreds of protesters chanted outside Congress as Vice President Pedro Alliana was sworn in as the new head of state.
Asunción, 6 Nov (EFE).- Thousands of Paraguayans reacted this Friday with a mixture of joy and anger after the Senate dismissed former President Santiago Peña in a political trial, dotted by the closure of the financial institution Ueno bank, and who was its vice president, Pedro Alliana, assumed the highest magistracy of the country [...] La entrada Paraguayans react with joy and anger after the dismissal of Santiago Peña was first published in…
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