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According to the report, Peruvian former President Alejandro Toledo has been convicted of taking bribes from Brazilian construction company Odebrecht and was sentenced to 20 years and six months in prison on Monday. Toledo, a 78-year-old economist who holds a doctorate from Stanford University, governed the Andean nation between 2001 and 2006.
The report said that he was convicted of taking $35m in bribes from the company formerly known as Odebrecht, according to prosecutors, in exchange for letting it win a contract to build the road that now connects Peru’s southern coast with an Amazonian area in western Brazil. Odebrecht, now known as Novonor, was at the center of Latin America’s largest graft scandal, after admitting in 2016 that it had bribed officials in a dozen countries to secure public works contracts.
The report added that during the year-long trial, Toledo denied the money laundering and collusion charges. On Monday he frequently smirked, and at times laughed, particularly when the judge mentioned multimillion-dollar sums central to the case as well as when she struggled to read transcripts and other evidence in the case.
The prosecutors relied on testimony from former Odebrecht executive Jorge Barata as well as Toledo’s ex-collaborator Josef Maiman, who said Toledo received bribes. The former president signed the contract with Odebrecht for the construction of the road, though the building took place over two subsequent administrations.
Image of the former Peruvian president
Report source: THE GURDIAN
The report said that he was convicted of taking $35m in bribes from the company formerly known as Odebrecht, according to prosecutors, in exchange for letting it win a contract to build the road that now connects Peru’s southern coast with an Amazonian area in western Brazil. Odebrecht, now known as Novonor, was at the center of Latin America’s largest graft scandal, after admitting in 2016 that it had bribed officials in a dozen countries to secure public works contracts.
The report added that during the year-long trial, Toledo denied the money laundering and collusion charges. On Monday he frequently smirked, and at times laughed, particularly when the judge mentioned multimillion-dollar sums central to the case as well as when she struggled to read transcripts and other evidence in the case.
The prosecutors relied on testimony from former Odebrecht executive Jorge Barata as well as Toledo’s ex-collaborator Josef Maiman, who said Toledo received bribes. The former president signed the contract with Odebrecht for the construction of the road, though the building took place over two subsequent administrations.
Image of the former Peruvian president
Report source: THE GURDIAN
