The Paraguayan president linked to the collapse of a major bank is being held in a military facility.

Pedro Alliana was inaugurated as Paraguay's new president following the resignation of Santiago Peña, who faces legal proceedings due to the Ueno Bank collapse. Peña has been placed in a military facility instead of house arrest. The crisis began when the Central Bank initiated actions to rescue Ueno Bank, which had insufficient capital, leading to its suspension and protests demanding Peña's resignation. The Attorney General has launched three criminal cases against Peña and other officials linked to the bank's failure. The OTP Bank from Hungary acquired a stake in Ueno, clarifying its role as a financial investor without management rights.

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