Santiago Peña could be sentenced to up to 15 years in prison
Former Paraguayan President Santiago Peña could be sentenced to up to 15 years in prison as part of the investigation into the Ueno Bank case.
TL;DR
- Former Paraguayan President Santiago Peña faces up to 15 years in prison for his alleged involvement in the Ueno Bank scandal.
- Peña was impeached by the Senate for "poor performance of his duties" due to the scandal.
- Prosecutors accuse Peña of interfering with public and pension fund deposits in Ueno Bank and having prior business ties to Ueno Holding.
- He allegedly owned shares in Ueno Holding, a savings deposit certificate in Ueno Bank, and a debt title from Itti, all part of the Grupo Vázquez.
- Peña sold his stake in the conglomerate in March 2025, while serving as President.
- Other individuals, including former bank directors, are also under investigation.
- Peña is currently in preventive detention at the Presidential Guard Regiment in Asunción.