• 2025.10.22 (Wed)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
APEC2025KOREA가이드북
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Lee Yeon-sil Column
  • Ko Yong-chul Column
  • Photo News
  • New Book Guide
  • Cherry Garden Story
MENU
 
Home > World

Ex-Peruvian President Sentenced to 160 Months for Money Laundering

Ana Fernanda Reporter / Updated : 2025-09-04 10:27:04
  • -
  • +
  • Print

 

MEXICO CITY — A former president of Peru was sentenced to a significant prison term on September 3 for using shell companies to launder money, which he received as bribes from a foreign company.

Peru's Ninth Criminal Court in Lima sentenced Alejandro Toledo, 79, to 160 months (13 years and 4 months) for the concealment of criminal proceeds, as announced by the Peruvian Judiciary on social media.

The Toledo Case and the Odebrecht Scandal 

Toledo, who served as president from 2001 to 2006, is a key figure in the Odebrecht scandal, a massive corruption case that has rocked Latin America. The scandal involved bribes paid by the Brazilian construction company Odebrecht to officials across the region in exchange for public works contracts.

Prosecutors accused Toledo of using three shell companies, including one named Ecoteva, to move bribe money. He allegedly funneled approximately $5.1 million (equivalent to around 7.1 billion KRW) through these companies before using the funds for real estate purchases and mortgage payments. The court determined that these companies, with their legal address in Costa Rica, were nothing more than a front for international money laundering. The court also ordered the dissolution of these entities.

Concurrent Sentences and a Notorious Prison 

This new sentence will run concurrently with a previous prison term. Toledo is already serving a 20-year and 6-month sentence in the Barbadillo prison for a separate case related to the Odebrecht bribes. This means he will only need to serve the longer of the two sentences.

The Barbadillo prison has become a notorious symbol of Peru's fight against corruption. Toledo is currently joined by three other former presidents who are also incarcerated there for various offenses:

Ollanta Humala (served 2011–2016)
Martín Vizcarra (served 2018–2020)
Pedro Castillo (served 2021–2022)

The presence of four former heads of state in the same prison underscores the pervasive issue of political corruption in Peru's recent history.

[Copyright (c) Global Economic Times. All Rights Reserved.]

  • #globaleconomictimes
  • #micorea
  • #mykorea
  • #Lifeplaza
  • #nammidonganews
  • #singaporenewsk
  • #Samsung
  • #Daewoo
  • #Hyosung
  • #A
Ana Fernanda Reporter
Ana Fernanda Reporter

Popular articles

  • Apple Stock Surges on iPhone 17's Surprise Success, Nearing Record High

  • Colombian Brand 'Clama' Debuts at 2025 Milan Fashion Week

  • Apple Escalates Feud with EU, Demands Repeal of Digital Markets Act

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://globaleconomictimes.kr/article/1065576346861320 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • EU States Agree to Complete Phase-Out of Russian Gas by End of 2027
  • WestJet Sparks Outcry with Paid Recline Option on Economy Seats
  • U.S. H-1B Visa Fee Hike: New $100,000 Charge Primarily Targets Overseas Applicants
  • US Ships to be Built in South Korea: Washington Considers Easing Protective Maritime Laws for Alliance Shipbuilding Cooperation
  • South Korea to Drastically Increase Domestic LNG Shipping Rate to 70%
  • 'Export Boom-Up Korea Week' Kicks Off as Nation Prepares to Host APEC

Most Viewed

1
The Imminent Reality: Donald Trump's Unlikelihood for the Nobel Peace Prize as a Destroyer of International Order
2
Renewable Energy Covers 100% of Global Electricity Demand Growth in H1 2025, Marking a Turning Point in the Fossil Fuel Era
3
McDonald's 'Subtle Racism' Controversy: Korean American Denied Order After 70-Minute Wait
4
Early Winter Chill Grips South Korea as Seoraksan Sees First Snow
5
A Chemical Revolution, the Era of Metal-Organic Frameworks (MOFs) Begins: 2025 Nobel Prize in Chemistry
광고문의
임시1
임시3
임시2

Hot Issue

Chinese Researchers Unveil Ultra-Fast Analog Chip, Targeting 1,000x Nvidia Speed

US Ships to be Built in South Korea: Washington Considers Easing Protective Maritime Laws for Alliance Shipbuilding Cooperation

South Korea to Drastically Increase Domestic LNG Shipping Rate to 70%

Japan Elects Ultraconservative Sanae Takaichi as First Female Prime Minister: The 'Female Abe' Ascends

Let’s recycle the old blankets in Jeju Island’s closet instead of incinerating them.

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 에이펙2025
  • APEC2025가이드북TV
  • 세종시
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Lee Yeon-sil Column
  • Ko Yong-chul Column
  • Photo News
  • New Book Guide
  • Cherry Garden Story
  • Multicultural News
  • Jobs & Workers
  • APEC 2025 KOREA GUIDE