"A Peruvian court has sentenced former President Alejandro Toledo to 13 years and four months in prison for money laundering, his second conviction in connection with widespread corruption. Toledo is one of five ex-presidents imprisoned in recent years in Peru, including ex-President Martin Vizcarra, who was released by a court on Wednesday as he awaits trial for allegedly taking bribes more than a decade ago."
"Toledo, 79, who was president from 2001 to 2006, was found guilty of using bribe money from the Brazilian construction giant Odebrecht, now known as Novonor, to acquire high-value real estate. According to prosecutors, Toledo and his wife used $5.1m to buy a house and an office in an upscale Lima neighbourhood and to pay off mortgages on two other properties. The funds were funnelled through an offshore company in Costa Rica that Toledo created to launder the illicit cash, the prosecution said."
"Toledo's conviction on Wednesday follows a sentence of 20 years and six months handed down in October 2024, when he was found guilty of accepting up to $35m in bribes from Odebrecht in exchange for awarding the company lucrative public works contracts. During his yearlong trial, Toledo consistently denied charges of money laundering and collusion levelled against him by prosecutors. His two sentences will be served concurrently."
A Peruvian court sentenced Alejandro Toledo to 13 years and four months in prison for money laundering, marking his second conviction linked to widespread corruption. Prosecutors found that Toledo and his wife used $5.1 million in bribe money from Odebrecht, now Novonor, to purchase a house and an office and to pay mortgages on other properties. The funds were routed through an offshore company in Costa Rica that Toledo created to launder the cash. Toledo had already received a 20 years and six months sentence in October 2024 for accepting up to $35 million in bribes. His sentences will be served concurrently, and he is detained at a prison on a Lima police base alongside other former presidents.
Read at www.aljazeera.com
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