No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveMother-in-law of Peru's ex-president deposited $17 million in Costa Rica banks

Mother-in-law of Peru’s ex-president deposited $17 million in Costa Rica banks

Eva Fernenbug, the mother-in-law of former Peruvian President Alejandro Toledo, allegedly used funds from two bank accounts in Costa Rica to pay for various properties in her country, Peruvian media reported this week, citing Peru’s Financial Intelligence Unit (UIF).

The financial report, published Thursday by most Peruvian newspapers, indicates that Fernenbug – who is currently under investigation for alleged money laundering in her country – had some $17 million stashed in two separate accounts in Costa Rican banks.

She opened the accounts as a representative of Costa Rica-based corporation Ecoteva in January 2012. The first account had $17 million and the second had some $90,000.

Fernenbug transferred $5.3 million to Lima from the first account and used the money to buy a $3.4 million house and an $832,000 office in the Peruvian capital, according to the UIF report.

She also paid a $500,000 mortgage on a house owned by Toledo, which the former president then transferred to his daughter Chantal in 2000.

Fernenbug last year also paid another $277,000 mortgage on a beach house that, according to public records, belongs to Toledo, the report added.

Peru’s Chief Prosecutor José Antonio Peláez Bardales arrived in Costa Rica on Tuesday to further the investigation in coordination with local authorities.

On Thursday, Peláez said he had requested that Costa Rica lift banking secrecy laws in place since 2005, not only for Toledo’s accounts, but also for Fernenbug’s accounts and all others linked to corporations under investigation in Costa Rica.

He said Costa Rica’s Prosecutors Office, and the Tax Intelligence Unit and the Judicial Investigation Police were cooperating in the investigation.

“We will process and analyze all this information back in Lima,” Peláez said on Thursday.

Vicente Zeballos, president of Peru’s Congressional Investigation Committee, told the daily El Comercio that Toledo not only lied to the Congress but also to Peruvian media. “This [UIF report] confirms that he has been playing us and concealing the truth,” he said.

The congressman said Thursday morning that officials will review documentation and then call witnesses, “including Fernenbug,” to testify. 

Trending Now

Lawmakers Question Chaves’ Move to Appoint President-Elect Fernández as Minister

Lawmakers from multiple parties have raised concerns over President Rodrigo Chaves' recent appointment of president-elect Laura Fernández as Minister of the Presidency. The decision,...

Popeyes Unveils Biggest Outlet in Costa Rica at Santa Ana Trade Center

Popeyes launched its biggest outlet today marking a key step in its local growth. The new spot sits in the Santa Ana Trade Center...

How to Watch the Super Bowl in Costa Rica

Costa Rica has always been a soccer-first country, where passions run deepest for fútbol and La Sele. Yet over the past decade-plus, the Super...

The Libertarian Case for Legalizing Drugs in Costa Rica

I have a friend who describes himself as an anarcho-capitalist libertarian. He believes in total individual freedom He calls speed bumps “Commie humps,” scoffs at speed limits,...

La Fortuna Tops Travel + Leisure’s List as Costa Rica’s Prime Wellness Spot

For those who haven't been here before, La Fortuna sits in the northern part of the country, near Arenal Volcano. The area draws visitors...

Harvard’s Robert Waldinger Brings the World’s Longest Happiness Study to Costa Rica

One of the world’s leading experts on happiness and wellbeing is coming to Costa Rica, and time is running out to be part of...
L. Arias
L. Arias
Reporter | The Tico Times |
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica