In brief
A vote of no confidence in Santiago Peña over the Ueno Bank collapse led to his arrest on Friday in Asunción. Police took him outside his residence; prosecutors are pursuing charges of abuse of office and fraud while the Senate plans a full impeachment trial. Meanwhile, independent reports note his house arrest under suspicion of breach of trust.
In Asunción, President Santiago Peña was taken into police custody after a Senate vote to remove him on Friday, 2026‑11‑06, the Associated Press reported. The court‑ordered arrest followed a 39‑29 vote by lawmakers who cited the collapse of Ueno Bank as the basis for removal.
The Senate’s official statement noted that Peña faced charges of abuse of office, mismanagement and fraud amid the bank’s sudden shutdown, which left more than 4,000 depositors and several businesses without access to funds.
Peña’s lawyer said the former president would be released on bail and would appear in court soon for an initial hearing, while Senate advisers said a full impeachment trial would be the next step.
According to an ITV News report, the ousted president was placed under house arrest on suspicion of breach of trust as prosecutors investigate the collapse of Ueno Bank.
A separate Times of India article added that lawmakers had accused Peña of using his political influence to direct hundreds of millions of dollars in public funds to Ueno Bank while regulators overlooked its failures.
