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

Costa Rica’s Route 27 Goes One-Way Sundays in January

Drivers heading back from the Pacific coast can expect changes on Route 27 starting this weekend. The Ministry of Public Works and Transport (MOPT)...

Guanacaste Leads Coastal Recovery in Costa Rica Real Estate

Costa Rica’s real estate market heads into 2026 with steady footing after recent adjustments in high-end coastal areas. Buyers and investors find a landscape...

Why Aryna Sabalenka Is Skipping Tournaments to Prep for Australian Open 2026

As the 2026 tennis season kicks off, world number one Aryna Sabalenka has spoken out against the packed schedule, labeling it as too demanding...

Death of Foreign Activist Adds to Costa Rica’s Mounting Security Concerns

Authorities in Costa Rica continue to investigate the homicide of 36-year-old Francisco Ojeda Garcés, a Chilean environmentalist who had lived in the country for...

Costa Rica Highway to Close Temporarily for Wildlife Crossing Installations

Motorists traveling between the capital and the Caribbean coast need to adjust their plans this week. Route 32, the key highway linking San José...

Costa Rica’s Nosara Highlighted in Forbes Top 10 Adventure Spots

Costa Rica has earned a spot on Forbes' list of top 10 adventure travel destinations for 2026, with Nosara in Guanacaste standing out for...
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