Peru's ex-President Toledo gets over 20 yrs in prison for corruption case

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Peru's former President Alejandro Toledo on Monday was sentenced to 20 years and six months in prison in a case involving Brazilian construction giant Odebrecht, which became synonymous with corruption across Latin America, where it paid millions of dollars in bribes to government officials and others.

The National Superior Court of Specialized Criminal Justice in the capital, Lima, imposed the sentence after years of legal wrangling, including a dispute over whether Toledo, who governed Peru from 2001 to 2006, could be extradited from the United States.

Odebrecht, which built some of Latin America's most crucial infrastructure projects, admitted to US authorities in 2016 to having bought government contracts throughout the region with generous bribes.

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Category: BusinessFinance

Markets: IndiaBrazilGuatemalaMexicoPeruUnited States

Topics: U.s. department of justice U.S. Department of Justice Lima Corruption in Peru President Investment Holding Companies (NEC) Operation Car Wash Corruption Latin America Alejandro Toledo Odebrecht case Ecuador National Superior Court of Specialized Criminal Justice Construction giant

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 08:33:30 (3 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 233 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23187584

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