Paraguay Senate Convicts and Removes President Santiago Peña
Paraguay’s Senate voted on November 6, 2026, to convict and remove President Santiago Peña from office over alleged misconduct connected to the collapse of digital lender Ueno Bank. The removal ends Peña’s presidency and may expose him to potential criminal charges related to the bank’s collapse.
Bloomberg explicitly reports that Paraguay’s Senate removed President Santiago Peña on Friday following the Ueno bank-collapse scandal, while supporting context specifies that the Senate voted on November 6, 2026, to convict and remove him. This is an atomic, completed political power transition with forward implications for executive continuity, financial-sector policy, sovereign and institutional risk, and potential prosecution; it is not a market-performance or commentary item. The exact vote time is not provided, so 22:05 UTC is retained only as a publication-based estimate with reduced timestamp confidence. The development is a distinct culmination of the impeachment process and matches existing event 12107; OTP.BD is the only approved stakeholder because the context explicitly identifies its direct exposure to Ueno, while the other proposed company impacts are speculative or indirect.
Paraguay’s Senate removed President Santiago Peña from office Friday, a dramatic downfall that paves the way for him to face potential criminal charges over his alleged role in the collapse of a major bank.
BREAKING: Paraguay's Senate votes to remove President Santiago Peña from office following the Ueno bank collapse.