Tuesday, September 23, 2025
No Result
View All Result
patriotfinancial.net
  • Home
  • Mortgage
  • Real Estate
  • Financial
  • Stocks
  • Investing
  • Markets
  • Startups
  • Trading
  • Personal Finance
  • Home
  • Mortgage
  • Real Estate
  • Financial
  • Stocks
  • Investing
  • Markets
  • Startups
  • Trading
  • Personal Finance
No Result
View All Result
patriotfinancial.net
No Result
View All Result

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

October 22, 2024
in Financial
Reading Time: 2 mins read
0 0
A A
0
Home Financial
Share on FacebookShare on Twitter

[ad_1]

By Marco Aquino

LIMA (Reuters) -Peruvian former President Alejandro Toledo was convicted of taking bribes from Brazilian development big Odebrecht and sentenced to twenty years and 6 months in jail on Monday.

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

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

He was convicted of taking $35 million in bribes from the corporate previously referred to as Odebrecht, in accordance with prosecutors, in change for letting it win a contract to construct the street that now connects Peru’s southern coast with an Amazonian space in western Brazil.

Throughout the year-long trial, Toledo denied the money-laundering and collusion prices.

Odebrecht, now referred to as Novonor, was on the middle of Latin America’s largest graft scandal, after admitting in 2016 that it bribed officers in a dozen international locations to safe public works contracts.

Final week, Toledo requested the court docket to let him serve his sentence at residence as he battles most cancers.

“Please let me heal or die at residence,” he stated.

The sentence was introduced in a room arrange in a small Lima jail the place Toledo has been detained since final 12 months.

Former President Pedro Castillo can also be being held there as he faces allegations of “rebel” after making an attempt to dissolve Congress in 2022.

Two different ex-presidents, Pedro Pablo Kuczynski and Ollanta Humala, are additionally being investigated within the Odebrecht case.

Toledo, who famously shined footwear as a baby, was arrested in the USA in 2019 after officers in Peru requested his extradition.

© Reuters. Peru's former President Alejandro Toledo appears in court for sentencing during his trial on charges of corruption related to the Brazilian company Odebrecht, in Lima, Peru October 21, 2024. Poder Judicial del Peru/Handout via REUTERS

Prosecutors relied on testimony from former Odebrecht govt Jorge Barata in addition to Toledo’s ex-collaborator Josef Maiman, who stated Toledo obtained bribes.

The previous president signed the contract with Odebrecht for the development of the street, although constructing it passed off over two subsequent administrations.

[ad_2]

Source link

Tags: bribetakingconvictedExPresidentPeruprisonReuterssentencedToledoyears
Previous Post

RDVY Might Offer Decent Yield On Cost But No Alpha (NASDAQ:RDVY)

Next Post

The Keep Releases Homesites in Private Community South of Denver

Related Posts

March CPI higher than expected, housing prices rise
Financial

March CPI higher than expected, housing prices rise

April 15, 2025
Wipro Q4 Preview: Profit may dip 1% QoQ to Rs 3,319 crore; muted revenue likely despite mega-deal push
Financial

Wipro Q4 Preview: Profit may dip 1% QoQ to Rs 3,319 crore; muted revenue likely despite mega-deal push

April 15, 2025
IndusInd Bank notes Rs 1,979 cr hit to net worth due to derivatives lapse, impact to reflect in FY25
Financial

IndusInd Bank notes Rs 1,979 cr hit to net worth due to derivatives lapse, impact to reflect in FY25

April 15, 2025
UniCredit gains German cartel office nod for Commerzbank stake hike
Financial

UniCredit gains German cartel office nod for Commerzbank stake hike

April 15, 2025
Dolly Khanna adds over 5 lakh shares in this smallcap stock, raises stake to 2.18%
Financial

Dolly Khanna adds over 5 lakh shares in this smallcap stock, raises stake to 2.18%

April 15, 2025
Japan’s population falls by half million as birth rate stays low
Financial

Japan’s population falls by half million as birth rate stays low

April 15, 2025
Next Post
The Keep Releases Homesites in Private Community South of Denver

The Keep Releases Homesites in Private Community South of Denver

China’s monetary policy settings have been optimal so far: Fullerton Fund Management

China's monetary policy settings have been optimal so far: Fullerton Fund Management

MTF(Margin Trading Facility)

MTF(Margin Trading Facility)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Activist Oasis suggests three steps to build shareholder value at embattled Kobayashi Pharmaceutical

Activist Oasis suggests three steps to build shareholder value at embattled Kobayashi Pharmaceutical

August 13, 2024
Value at Risk (VaR) Calculation: Formulas, Portfolio Tools, and Methods in Python and Excel

Value at Risk (VaR) Calculation: Formulas, Portfolio Tools, and Methods in Python and Excel

February 9, 2025
Renting vs. Buying a Home: 55 Pros and Cons

Renting vs. Buying a Home: 55 Pros and Cons

March 5, 2025
All 103 Baker Brothers Portfolio Stocks | Current 2023 Holdings

All 103 Baker Brothers Portfolio Stocks | Current 2023 Holdings

August 26, 2023
How Seattle’s economy is managing in this uncertain season

How Seattle’s economy is managing in this uncertain season

May 24, 2024
M S Swaminathan, scientist who made India self-sufficient in food dies

M S Swaminathan, scientist who made India self-sufficient in food dies

September 28, 2023
FHFA rolls out mortgage fraud tip line

FHFA rolls out mortgage fraud tip line

April 15, 2025
March CPI higher than expected, housing prices rise

March CPI higher than expected, housing prices rise

April 15, 2025
Wipro Q4 Preview: Profit may dip 1% QoQ to Rs 3,319 crore; muted revenue likely despite mega-deal push

Wipro Q4 Preview: Profit may dip 1% QoQ to Rs 3,319 crore; muted revenue likely despite mega-deal push

April 15, 2025
Just Listed | 5150 N Ocean Drive #1201

Just Listed | 5150 N Ocean Drive #1201

April 15, 2025
Former Tesla supply chain leaders create Atomic, an AI inventory solution | TechCrunch

Former Tesla supply chain leaders create Atomic, an AI inventory solution | TechCrunch

April 15, 2025
IndusInd Bank notes Rs 1,979 cr hit to net worth due to derivatives lapse, impact to reflect in FY25

IndusInd Bank notes Rs 1,979 cr hit to net worth due to derivatives lapse, impact to reflect in FY25

April 15, 2025

Get the latest news and follow the coverage of Mortgage and Real Estate, Financial. Stocks, Investing, Trading and more from the trusted sources.

CATEGORIES

  • Financial
  • Investing
  • Markets
  • Mortgage
  • Personal Finance
  • Real Estate
  • Startups
  • Stock Market
  • Trading
Please enable JavaScript in your browser to complete this form.
Loading

LATEST UPDATES

  • FHFA rolls out mortgage fraud tip line
  • March CPI higher than expected, housing prices rise
  • Wipro Q4 Preview: Profit may dip 1% QoQ to Rs 3,319 crore; muted revenue likely despite mega-deal push
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Terms and Conditions
  • Cookie Privacy Policy
  • Contact us

Copyright © 2023 patriotfinancial.net.
patriotfinancial.net is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Mortgage
  • Real Estate
  • Financial
  • Stocks
  • Investing
  • Markets
  • Startups
  • Trading
  • Personal Finance

Copyright © 2023 patriotfinancial.net.
patriotfinancial.net is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In