Paraguay’s attorney general has opened three investigations into Ueno Bank’s resolution and public money held there, as lawmakers pursue impeachment proceedings against President Santiago Peña.
Attorney General Emiliano Rolón Fernández’s office said Resolution FGE No. 4474, dated Nov. 5, created inquiries into the bank’s oversight and resolution, public funds deposited at the lender, and conduct by current and former officials. One inquiry includes an expanded complaint against Peña, originally filed Oct. 22, 2025. The office said investigators will determine whether crimes occurred and who may be responsible; its announcement does not report criminal charges against Peña.
The Chamber of Deputies voted 78-0 on Nov. 5 to impeach Peña. Its allegations cite a conflict of interest involving Peña’s reported participation in Ueno Holding, his appointment of former Financiera Ueno president Carlos Carvallo to lead the Central Bank of Paraguay, and public pension funds allegedly concentrated at Ueno Bank. The claims are allegations, not findings. EFE reported that the Senate began impeachment proceedings. The Chamber says conviction requires a two-thirds Senate majority.
Amended statements put Ueno’s solvency index below half the required minimum, prompting the Central Bank of Paraguay’s board to approve a resolution process unanimously on Nov. 2.
Prosecutors have separately charged 27 people linked to Ueno Bank and related companies over alleged financial irregularities in transactions from 2025 to 2026, the Attorney General’s Office said.
The Senate also passed a bill allowing each depositor an advance on deposit guarantees of up to 40 monthly minimum salaries. The bill sets a one-day deadline to begin processing after it takes effect and requires the advances to be completed within five business days. EFE described Peña as the second Paraguayan president in recent history to face impeachment, after Fernando Lugo, who was removed from office.
Peña said in an X statement that he would act “with responsibility and respect for the Constitution,” the Associated Press reported.