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Odebrecht Scandal: Toledo to be Investigated

Odebrecht Scandal: Toledo to be Investigated

On Monday, the Public Prosecutors Office formally launched investigations into former President Alejandro Toledo and his involvement with the Odebrecht scandal. Toledo has been accused of taking bribes by the Brazilian group, and laundering assets.

As reported in last month, the Odebrecht scandal has rocked Peruvian politics, with the company accused of bribing government officials to the sum of $29million to win lucrative contracts.

The investigation launched against Toledo will directly scrutinize the ex-President’s dealings with Odebrecht. The prosecution headed by Hamilton Castro will investigate the confession of ex-Odebrecht official Jorge Barata that Toledo received bribes equating to $20 million to award the Brazilian company the project to construction the interoceanic highway that would like Brazil to Peru’s Pacific Coast.

Toledo has since denied the accusations in a recent Skye interview with El Comercio, asking Barata to "please tell when, how, where, and in which bank I have received $20 million"

Toledo’s Lima residence was raided at the weekend, of note the ex-president’s safe was confiscated for investigation.

Toledo is currently residing in California, USA, where he is a researcher at Stanford University. However, an international arrest warrant will likely be sought if the investigation finds reason to do so.

Commenting on Twitter in response, current President Pedro Pablo Kuczynski wrote "Justice must be the same for everyone… If someone committed acts of corruption, they must be penalized. I've ordered the executive to collaborate with whatever is necessary to guarantee the investigation is efficient. Corruption never again."

Kuczynski himself is subject to a separate investigate, in regard to a law he signed off on in 2006, which removed legal obstacles to road construction contracts being granted to Odebrecht and other companies – the President has denied any wrongdoing.

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