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U.S. Justice Department will return approximately $686,000 in forfeited corruption proceeds to Peru

Christian Fernsby ▼ |
The Department of Justice is sharing approximately $686,000 in forfeited criminal proceeds to the Republic of Peru linked to the corruption and bribery of former Peruvian President Alejandro Celestino Toledo Manrique by Odebrecht, a Brazil-based global construction conglomerate.

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In the civil forfeiture matter filed in the U.S. District Court for the Eastern District of New York, United States, the United States alleged that Toledo, who was the president of Peru from approximately 2001 to 2006, solicited millions in bribery payments from Odebrecht while he was in public office in connection with government contracts awarded for construction of the Peru-Brazil Southern Interoceanic Highway (Southern Interoceanic Highway), a Peruvian government infrastructure project.

Odebrecht subsequently made bribery payments to Toledo through accounts maintained by Toledo’s co-conspirators.

Ultimately, approximately $1.2 million of the bribery payments were used by Toledo and his family to purchase real estate in Maryland in 2007 through a scheme designed to hide Toledo’s ownership of the funds and their connection to Odebrecht.

The forfeited assets represent the proceeds from the sale of the Maryland real estate, which were further laundered through a trust and bank account controlled by Toledo.

The FBI investigated the cases leading to the U.S. forfeiture of the assets being returned to the Republic of Peru and served as the seizing agency.

In support of the U.S. forfeiture actions, the Peruvian government provided extensive and wide-ranging assistance.

Most notably, the documentary evidence provided by the Peruvian government provided the evidence necessary to seize assets located in the United States and substantially contributed to the timely success of the U.S. forfeiture actions. ■

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