No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveFormer Peruvian President Alejandro Toledo asks to be investigated for corruption

Former Peruvian President Alejandro Toledo asks to be investigated for corruption

LIMA, Peru – Peruvian ex-President Alejandro Toledo on Tuesday called on authorities in his country to open an investigation into his banking accounts in order to clarify corruption allegations over the purchase of two buildings in Lima by his mother in law, for almost $5 million.

“I authorize them to lift all banking secrecy, I will collaborate, even though I have nothing to do [with the purchases]. I will return to Lima soon to give a statement to the Prosecutor’s Office,” Toledo told a local radio station from the U.S., where he currently works as a professor at Stanford University.

Toledo, president of Peru from 2001-2006, claimed to be the victim of a “media lynching” and said there are political motivations attributed to members of the party of former President Alberto Fujimori, whom he described as “his enemies.”

The goal, he said, is to affect and weaken his political career to prevent him to oppose a request for humanitarian pardon for Fujimori filed by his four children.

In recent days, a Lima TV political program revealed that Toledo’s mother-in-law, Eva Fernenbug, 86, bought a house in July of last year for $3.75 million and then an office building for $882,400 last September.

The story notes that the transaction was conducted through a company created in Costa Rica, called Ecoteva Consulting Group, and that negotiations could be a money laundering operation.

“I’m transparent, I’m not a millionaire, I’m in peace with my conscience,” Toledo said, adding that all dealings “were absolutely legal, through the use of a bank loan.”

Toledo said he owns a house in Lima and a beach house in Punta Sal, in northern Peru, both acquired before he became president.

Trending Now

Middle East War Escalates as Iran Targets Gulf States

Israel bombed Tehran and pushed ground troops into Lebanon, while Iran struck the US embassy in Riyadh with drones and hit targets across several...

Inside Venezuela’s Bull Tailing Culture in the Llanos

When the bull bolts out into the ring, a mad scramble begins as the riders vie to grab its tail and knock it to...

JetBlue Sale Has Cheap Fares and Hotel Bundles for Spring Trips to Costa Rica

JetBlue has started a limited-time sale that cuts costs for travelers heading to Costa Rica this spring. The airline targets U.S. departures with one-way...

Costa Rica Installs First Sun Meter to Cut Skin Cancer Risk

The College of Physicians and Surgeons installed the country’s first solmáforo at its Sabana Sur headquarters as a pilot project to promote daily protection...

Sloths and Tapir Among Animals Saved in Costa Rica Anti-Trafficking Operation

Costa Rican authorities rescued five sloths and other wild animals in an anti-trafficking operation in the Northern Zone. The Deputy Environmental Prosecutor's Office led...

Djokovic says Alcaraz equipped to extend winning streak

Novak Djokovic believes world number one Carlos Alcaraz has what it takes to keep his 2026 winning streak alive, and the Serbian star who...
Avatar
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica