Paraguayan Senate Removes Santiago Peña Following Ueno Bank Scandal

Santiago Peña, the former president of Paraguay, was removed from office by the Senate after the Central Bank intervened in the Ueno Bank crisis. The Senate denied his resignation, stripping him of a lifetime seat that would have shielded him from criminal investigations. The removal followed allegations of corruption and misuse of public funds linked to the Ueno Bank scandal. The Senate's decision was based on his alleged involvement in the scandal, which has led to increased scrutiny of the Central Bank's role in the financial sector. Pedro Alliana, the new president, will lead the government until August 2028. The political crisis worsened after the Central Bank's intervention in Ueno Bank, which triggered a transition of power. The scandal has also led to three criminal investigations against Peña, including a political trial. The removal of Peña marked a significant political shift in Paraguay, with implications for the country's governance and stability.