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How did a digital bank's collapse end with Paraguay's president in jail?

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Banks opened branches in Asunción so Ueno victims could collect. Prosecutors searched a house in San Bernardino, attributed to Santiago Peña and financed, they say, by two Ueno loans.

Paraguay

Asunción and San Bernardino

Prosecutors say more than 800 million dollars of public and pension money was placed in Ueno. He faces charges of breach of trust as instigator and administration for his own benefit as author.

$800M

Public and pension funds placed in UenoSource: BFMTV · 09.11.2026

The new president, Pedro Alliana, said: I have ordered the justice minister to enforce the law strictly. No defendant will have privileges.

“I have ordered the justice minister to enforce the law strictly. No defendant will have privileges.”

Pedro Alliana

Ueno had 2940000 customers, and many could not use their cards for fuel, medicine or food. The Senate removed Peña unanimously, and he is now held at the Presidential Escort Regiment, a military unit.

2,940,000

Ueno customersSource: La Libre.be · 09.11.2026

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The story

Paraguay's Senate removes President Peña over Ueno Bank collapse; he is in pretrial detentionRead the article

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