Paraguay ex-president Peña detained over Ueno Bank collapse, corruption charges

Former Paraguayan President Santiago Peña has been formally charged with breach of trust and misappropriation of public funds linked to the collapse of Ueno Bank, and placed in preventive detention in a military regiment. Congress removed him amid mass protests, and Vice President Pedro Alliana assumed the presidency to complete the term until August 2028. This marks a rare prosecution of a former head of state in Paraguay, signaling potential political instability and a shift in the country's anti-corruption enforcement.

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