Santiago Peña Resigns After Ueno Bank Scandal: Paraguay Faces Political Trial

TVS News AI, editorially supervised, presents Santiago Peña Resigns After Ueno Bank Scandal: Paraguay Faces Political Trial.

3 November 2026: Santiago Peña resigned as President of Paraguay following the Ueno Bank scandal. The resignation came just a few hours before a political trial in Congress, according to ABC.es. For people across the country, the issue goes beyond a political power struggle: the closed digital bank, which received resources worth millions from public institutions during Peña’s term, is at the center of the scandal.

Why the Ueno Bank Scandal Is Before Congress

According to ABC.es, Santiago Peña was closely associated with Ueno Bank during his time in office. The private institution received resources worth millions from public institutions during his presidency. This connection forms the core of the political dispute.

El Mundo reports that Peña’s own party supported a political tribunal following the digital bank case. Proceedings before Congress were already being negotiated before the resignation. The route to a possible removal was therefore no longer hypothetical, but imminent.

Peña Has Not Appeared Publicly for 72 Hours

El Comercio Lima reports that Peña had been absent from the press for 72 hours and had remained at the presidential residence. During his absence, the Chamber of Deputies debated an indictment that could have triggered a political trial against him.

The available reports do not establish how developments proceeded after the resignation. El Mundo also refers to statements by Paraguayan television that the prosecutor’s office was preparing an arrest warrant. This information has not been directly confirmed by the authorities cited.

Status: Information as of 5 November 2026; further details to follow.