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Paraguay's Peña impeached and removed in banking affair; Alliana sworn in as president

By Vera, Vocemundi ·

Portrait of Santiago Peña. File photograph.

By Vera, Vocemundi · 2026-11-07

Santiago Peña has been impeached and removed as president of Paraguay. Pedro Alliana, who was vice president, was sworn in on Friday to replace him.

Le Monde and Reuters both report the removal and the swearing-in. Both also connect the impeachment to a banking affair. Reuters calls it a bank scandal, while Le Monde describes a major banking crisis.

According to Reuters, the impeachment was based on Peña's alleged involvement in the scandal. The reports do not specify what Peña is alleged to have done.

According to Le Monde, Peña has been placed under house arrest. Le Monde also reports that all 44 senators who voted on Friday backed his removal, making the vote unanimous.

Le Monde further reports that prosecutors are also investigating Alliana. According to the newspaper, Alliana will serve out the remainder of the presidential term.

Among the reports reviewed by Vocemundi, the house arrest, the vote count and the investigation into Alliana appear only in Le Monde. Vocemundi reviewed summaries of the Le Monde and Reuters reports, not their full texts.

What the reports do not say

  • The reports do not describe the banking scandal, including the institutions involved, the amounts or the timeline.
  • The reports do not include any response from Peña or Alliana.
  • The reports do not say whether Peña faces criminal charges.
  • The reports do not say which authority ordered the house arrest, on what legal grounds or for how long.
  • The reports do not describe the subject or status of the investigation into Alliana, or whether it is linked to the banking affair.
  • The reports do not describe the earlier steps of the impeachment process.
  • The reports do not say when the remaining presidential term ends.

Analysis

Paraguay's change of leadership leaves key questions open. If Le Monde's report of an investigation into Alliana is accurate, the new president may begin his term under legal scrutiny. That inquiry could prove unrelated to the banking affair or could become linked to it; the reports do not say which. Much may depend on what prosecutors and the courts establish, including whether Peña faces charges. Details of the scandal could also shape public debate about the impeachment. Responses from Peña and Alliana would add important context. Until more information is available, the available evidence does not support firm conclusions about either man's responsibility.

Produced by the Vocemundi newsroom with AI assistance.

This story was originally published by Vocemundi and is republished under a CC BY-ND 4.0 license. How we verified this story.

Originally published by Vocemundi Wire — English