'Paraguayan Milei', Payo Cubas is booed and removed from the act in the center of Asunción
Paraguayo Cubas was harassed by protesters in the center of Asunción amid the political crisis and the arrest of former president Santiago Peña.
Quick Look
Former candidate for President of Paraguay Paraguayo 'Payo' Cubas was harassed and removed under boos from a protest in Asunción, in the midst of a political crisis that culminated in the house arrest of former president Santiago Peña.
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Why It Matters
Paraguay faces a political crisis after the impeachment and house arrest of former president Santiago Peña, linked to the scandal at Ueno Bank.
Paraguayo "Payo" Cubas, former candidate for President of Paraguay, was received with boos and protests by a group of young people as he approached a demonstration near the National Congress, in the center of Asunción. Under boos and curses, he was taken out of the crowd.
According to the newspaper El Nacional, he was confronted by the group when he appeared among the protesters in the midst of the political crisis in the country. Participants in the event questioned the former candidate about his political responsibility in the election of parliamentarians considered controversial and who are targets of complaints.
In 2023, Cubas ran for President of Paraguay and finished in third place. His anti-system speech and confrontational positions drew comparisons with Argentine Javier Milei, which is why he became known as "Paraguayan Milei".
Cubas' appearance occurred against a backdrop of political tension, with protesters concentrated on the streets of the center of Asunción. After the approval of impeachment in Congress, former president Santiano Peña was arrested this Friday (6).
According to the Paraguayan press, which showed images of police presence in front of Peña's residence, the Colorado Party politician was informed of the order and will be detained under house arrest until he reports to the Prosecutor's Office.
His removal from office crowns a turbulent week, marked by the fraud scandal involving Ueno Bank, the country's main digital bank, with 2.9 million customers — the country has around 7 million inhabitants.
The investigation focused on Peña, a former investor in the bank's holding company and responsible for, in 2023, appointing Carlos Carvallo, then executive president of the company, as president of the Central Bank of Paraguay. Carvallo resigned from his position this week and also had an arrest warrant issued this Friday.
What to Watch
AI outlook — possibilities, not facts
Santiago Peña will present himself to the Prosecutor's Office
Very likely · Within days
Open Questions
- What will be the legal consequences for Santiago Peña?
- How will Ueno Bank respond to fraud allegations?






