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Peru to arrest former President Alejandro Toledo for corruption
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Candidate
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| Contributor | IndyGeorgia |
| Last Edited | IndyGeorgia Feb 10, 2017 10:02pm |
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| Category | Investigation |
| Author | Colin Post |
| News Date | Saturday, February 4, 2017 04:00:00 AM UTC0:0 |
| Description | Prosecutors in Peru will order the arrest of former President Alejandro Toledo after discovering millions of dollars in what they say are bribes paid in exchange for steering public contracts.
Corruption prosecutor Hamilton Castro told several newspapers in Peru that he will submit an international arrest warrant for Toledo after tracking millions of dollars paid by Brazilian construction firm Odebrecht to Toledo associate, Josef Maiman.
According to Castro, Odebrecht executives cooperating with Peruvian investigators since reaching a deal with the United States Justice Department revealed that they had paid $20 million in bribes to Toledo via Maiman’s bank account in London. In exchange for the bribe, Toledo’s government allegedly helped Odebrecht win $600 million in contracts to build two sections of the Interoceanic Highway which connects Peru to Brazil. The contracts were later increased to over $1.3 billion.
Prosecutors said they have verified a balance of at least $11 million in Maiman’s account as well as a history of payments to Toledo’s Costa Rica-based consulting firm, Ecoteva, which is already the subject of a money-laundering investigation. Prosecutors believe Toledo used fraudulent contracts to conceal the source of millions of dollars repatriated from Costa Rica to purchase real estate in Lima and Tumbes.
In July prosecutors seized Toledo’s $4 million home in Lima’s Surco district and a beach home in the Punta Sal district of Tumbes. A judge ruled that he could live in his home in La Molina as he stands trial. But prosecutors believe they now have enough evidence to request preventive jailing which, if granted, would require Toledo to stand trial from jail.
Toledo caused a firestorm in local media when he left Peru for the United States in early January, less than a month after Odebrecht reached a deal with American investigators in which the company agreed to cooperate with foreign governments to identify corrupt officials. |
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