Peru ex-President Toledo convicted of bribe-taking, sentenced to 20 years in prison

Peru ex-President Toledo convicted of bribe-taking, sentenced to 20 years in prison


Peru’s former President Alejandro Toledo appears in court next to his lawyer Roberto Su for sentencing during his trial on charges of corruption related to the Brazilian company Odebrecht, in Lima, Peru, October 21, 2024.

Gerardo Marin | Reuters

Peruvian former President Alejandro Toledo was convicted of taking bribes from Brazilian construction giant Odebrecht and sentenced to 20 years and six months in prison on Monday.

The verdict marks Peru’s first high-profile conviction related to Brazil’s continent-spanning Lava Jato corruption scandal.

Toledo, a 78-year-old economist who holds a doctorate from Stanford University, governed the Andean nation between 2001 and 2006.

He was convicted of taking $35 million 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.

Inside the $93 million Wall Street heist that stemmed from Russia

During the year-long trial, Toledo denied the money-laundering and collusion charges.

Odebrecht, now known as Novonor, was at the center of Latin America’s largest graft scandal, after admitting in 2016 that it bribed officials in a dozen countries to secure public works contracts.

Last week, Toledo asked the court to let him serve his sentence at home as he battles cancer.

“Please let me heal or die at home,” he said.

The sentence was announced in a room set up in a small Lima prison where Toledo has been detained since last year.

Former President Pedro Castillo is also being held there as he faces allegations of “rebellion” after trying to dissolve Congress in 2022.

Two other ex-presidents, Pedro Pablo Kuczynski and Ollanta Humala, are also being investigated in the Odebrecht case.

Toledo, who famously shined shoes as a child, was arrested in the United States in 2019 after officials in Peru requested his extradition.

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 building it took place over two subsequent administrations.



Source

Taiwan rattled by 7.0 magnitude quake, no major damage reported
World

Taiwan rattled by 7.0 magnitude quake, no major damage reported

A Taiwan flag can be seen on an overpass ahead of National Day celebrations in Taipei, Taiwan, on Oct. 8, 2025. Ann Wang | Reuters A 7.0 magnitude earthquake struck some 32 km (20 miles) off Taiwan’s northeastern coastal city of Yilan on Saturday, the island’s weather administration said, with no immediate reports of major […]

Read More
Psychology expert: The most emotionally intelligent couples do 3 things differently from everyone else
World

Psychology expert: The most emotionally intelligent couples do 3 things differently from everyone else

As a relationship counselor with over 10 years of experience, I’ve learned that even the strongest couples face conflict. What sets emotionally intelligent couples apart is their ability to stay connected, even when disagreements arise. I’m often more concerned about couples who never fight, because avoiding conflict entirely can hide unresolved hurts. After all, the […]

Read More
These are the most overbought S&P 500 stocks as 2026 approaches
World

These are the most overbought S&P 500 stocks as 2026 approaches

Investors piled into Merck & Co. and S & P Global , among others, with 2026 around the corner. Those names may be due for a pullback. The three major averages all climbed this week, which was shortened because of the Christmas holiday. The S & P 500 led the way with a 1.4% gain. […]

Read More