InternationalMonday, 9 November 2026·The Hindu - International
Paraguay ex-president Santiago Pena raid linked to bank collapse probe
Police raided former Paraguay president Santiago Pena’s home as part of a probe into the collapse of Ueno Bank and frozen government funds.
Key highlights
Direct fact
In November 2026, Paraguayan police raided the home of former President Santiago Pena amid a probe into the collapse of Ueno Bank, which held accounts for nearly half of Paraguay’s 6.5 million people.
Key specifics
- Ueno Bank held accounts for nearly half of Paraguay’s 6.5 million people.
- The bank also held more than $800 million in government funds before the collapse.
- Santiago Pena came to power in 2023 and sold his shares in Ueno Holding last year.
- The indictment says he received two loans in 2024 totalling around $500,000 to build his mansion.
- Vice-President Pedro Alliana took office after the Senate voted on November 6, 2026, to dismiss Pena.
Exam lens
Question type: International polity and banking crisis, Paraguay, Ueno Bank, 6.5 million people, $800 million government funds, 2023, 2024, 2026. TNPSC may ask which leader was dismissed and which bank collapse triggered the probe.