Resignation of BCP president and detention of Ueno Bank executives in Paraguay
Carlos Carvallo resigned as head of the Central Bank of Paraguay following the intervention of Ueno Bank. CEO Miguel Vázquez and other executives were detained.
Institutional crisis over Ueno Bank's collapse: Carvallo resigns and executives are detained
The intervention of Ueno Bank triggered an institutional crisis in Paraguay that culminated in the resignation of the president of the Central Bank of Paraguay (BCP), Carlos Carvallo, and the detention of at least seven executives from the entity, according to lapoliticaonline.com.
Carvallo submitted his resignation to the Senate, which accepted it without delay. The bank's collapse left thousands of savers without access to their funds. Liana Caballero, a member of the BCP board, assumed interim leadership of the institution.
Political pressure and departure confirmed at midday
In the morning, Carvallo had maintained that his continued leadership of the BCP was necessary to guarantee the resolution process against Ueno. However, once Honor Colorado decided not to pursue an impeachment but did demand the complete removal of the authorities from the BCP's Superintendence, his departure was confirmed around midday.
"I believe stepping aside is a contribution to reduce the noise surrounding the BCP, to calm spirits and to allow the Central Bank of Paraguay and my long-standing colleagues to carry out their work," Carvallo said, acknowledging that his resignation "was already signed in advance".
The BCP leadership, which initially appeared to be following the same path, led a second press conference in which it announced a payment of up to G. 10 million for bank customers. The measure was announced alongside the bill being considered by the upper chamber, which provides for the equivalent of 10 minimum wages.
Seven Ueno executives in the Public Prosecutor's sights
A delegation from the Public Prosecutor's Office, headed by prosecutor Francisco Cabrera, ordered the detention of the main Ueno executives at midday: Federico Miguel Vázquez Villasanti, the bank's CEO; Juan Manuel Gustale; Julio Daniel Rey; Diana Leticia Mongelós; Mariana Isabel Torres Rubiani; Alejandro Gómez Abente; and Miguel Ángel Almada Frutos.
Officers from the National Police detained Torres Rubiani and Rey Fernández as part of case No. 89/2026, filed as "Federico Miguel Vázquez Villasanti regarding breach of trust and others". Later, Vázquez himself presented himself voluntarily at the police station on Azara street accompanied by his lawyer Víctor Dante Gulino.
Police had kept Vázquez's house surrounded awaiting his surrender. The BCP had requested precautionary measures for preventive attachment of the assets and property of the Vázquez Group, several linked companies and their executives. The CEO, who was not at his residence at the time of the operation, chose to surrender voluntarily.
The criminal case was filed by Carvallo and the BCP board upon conclusion of the morning press conference. Prosecutors Jorge Arce Rolandi, Silvio Corbata Dinamarca and Yeimy Adle are working alongside Cabrera on the investigation.
President Santiago Peña, who had remained silent until then, described the situation as "a particular case of an entity".
Source: Google News PY — Crime