Carlos Carvallo

Stories

Paraguay takes over Ueno Bank after solvency falls below legal minimum

Charged with breach of trust, producing false public documents and administration for personal gain; held in pretrial detention; his home was searched on November 9

Paraguay's Congress confirmed economist Jorge Schreiner as central bank chief on November 9, three days after the Senate removed President Santiago Peña over the Ueno Bank collapse. New President Pedro Alliana also asked every minister and senior official to resign so he could reorganize the government.

Updated 2 days ago

Paraguay's Senate removes Peña over bank collapse; Alliana sworn in

Rule Changes

Charged on November 7, 2026, with breach of trust, producing false public documents and administration for personal gain; ordered held in pre-trial detention

Paraguay's Senate removed President Santiago Peña on November 6, 2026, over the collapse of Ueno Bank, and Vice President Pedro Alliana was sworn in the same day. Prosecutors charged Peña the next day with breach of trust and administration for personal gain, and a judge ordered him held at the Regimiento Escolta Presidencial, the presidential guard regiment.

Updated 3 days ago