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 drug violence drives killings as election nears

Mauren Jiménez cleans houses and cares for sick patients to make ends meet. In her spare time, the 54-year-old community leader does work most...

Two Costa Ricans Headed to US After Court Upholds Extradition Ruling

Judges on the Court of Appeals in San José have confirmed the extradition of two Costa Rican citizens to the United States to face...

Why Iguanas Are Falling From Trees in South Florida

Residents of South Florida are seeing something unusual this week: iguanas dropping from trees during an intense cold snap. Videos and photos have spread...

Nicaragua convicts historic Sandinista commander of corruption

Nicaragua has convicted the historic Sandinista commander Bayardo Arce, a former economic adviser to President Daniel Ortega, on corruption charges and confiscated his assets,...

Tourism in Costa Rica Starts 2026 Strong Despite Health and Security Challenges

International visitors filled Costa Rica's airports in early 2026, signaling a solid launch to the winter season. Both San Jose and Liberia Airports reported...

Costa Rica Upholds Inmate Voting Tradition in Crime-Focused 2026 Presidential Race

Thousands of inmates across Costa Rica cast their ballots on Sunday, February 1, during the presidential and legislative elections, as authorities set up polling...
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