No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveFriend of Peru's Alejandro Toledo attempts to reclaim frozen funds in Costa...

Friend of Peru’s Alejandro Toledo attempts to reclaim frozen funds in Costa Rica bank

Peruvian businessman Josef Maiman filed a legal complaint this week with the Costa Rican Prosecutors’ Office in an attempt to recover $6.5 million that is frozen in a bank account belonging to companies linked to ex-president Alejandro Toledo, the daily Perú21 reported.

Last June, the Costa Rican Prosecutor’s Office’s Economic Crimes and Money Laundering Unit blocked the Scotiabank account of Ecostate Consulting, which is linked to Ecoteva Corporation, a company registered by Avraham Dan On, one of Toledo’s bodyguards.

The account was used to transfer more than $5 million to Toledo’s mother-in-law, Eve Fernenbug, who used the money to buy several properties in exclusive areas of Lima.

Maiman filed the request through his attorneys in San José, arguing that he provided the funds as an investor in Ecoteva Corporation, and that all funds have legal origins. Maiman said he “has not committed any crime,” and offered to provide information on his Swiss bank account, from where the money was originally transferred to Costa Rica.

Perú21 said it has proof that Ecostate Consulting’s account at Scotiabank initially had some $20 million, and that “days before the order to freeze the account, several people linked to Maiman withdrew some $5.5 million without specifying the money’s destination.”

In a statement to Peruvian prosecutors, Maiman, who is a close friend of Toledo, declared that $20 million in his account “was transferred to Ecostate Consulting and Milan Ecotech, and then was sent to Ecoteva Consulting.”

Peru’s Prosecutor’s Office is investigating alleged embezzlement by several public officials from Toledo’s administration from 2001-2006.

Trending Now

Budget Travel Options Expand with Frontier’s Houston to Central America Flights

Frontier Airlines has launched new nonstop flights from Houston to key Central American cities, offering lower fares for U.S. travelers and stronger links across...

El Salvador Court Sentences Activists to Three Years but Grants Conditional Release

In San Salvador, a court sentenced environmental lawyer Alejandro Henríquez and community leader José Ángel Pérez to three years in prison on charges of...

Sinkhole Shuts Down Interamericana Sur Near Paso Real for Eight Days

Authorities closed a key section of the Interamericana Sur highway after a sinkhole formed from a collapsed culvert, disrupting travel between Buenos Aires and...

Mexico’s Renata Zarazua Carries Regional Hopes into Australian Open 2026

As the tennis world gears up for the 2026 Australian Open, set to kick off on January 18, Latin America stands ready to make...

Honduras Starts Partial Recount in Tight Presidential Election Backed by Trump

Honduras electoral officials started a partial recount of votes yesterday from the November 30 presidential election. The race remains close, with right-wing candidate Nasry...

US Forces Seize Second Oil Tanker Amid Tightened Blockade on Venezuela

United States forces intercepted a second oil tanker in international waters off Venezuela's coast on Saturday, escalating tensions in the Caribbean as President Donald...
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