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An international arrest warrant is out for Peru's ex-president Toledo

 

 


NEW YORK
Petroleumworld.com 02 10 2017

In sentence for corruption and human rights abuses.

Prosecutor Castro opened his case, that Toledo be jailed while investigations continue, quoting the Incan law "ama sua" or "do not steal."

He said Toledo met the head of Odebrecht Peru, Jorge Barata, in a luxury hotel in Rio de Janeiro in 2004 and promised to help the firm win two highway contracts in exchange for $35 million.

Odebrecht only paid $20 million because Toledo did not change the bidding terms to exclude competitors, Castro said, citing testimony from Barata. Toledo did, however, change laws to pave the way for Odebrecht's bid and pressured the tendering committee to pick its proposal, Castro said.

Some $10 million in transfers from Odebrecht have been traced to offshore companies linked to Yosef Maiman, an Israeli businessman and longtime friend of Toledo tasked with receiving the bribes, Castro said.

Maiman did not respond immediately to requests for comment.

The contracts helped pave a highway from the Andes through the Amazon to connect Peru's Pacific ports and Brazil's Atlantic shores. Originally requiring an investment of $658 million, cost overruns pushed the final price tag for the two contracts to $1.34 billion, according to the comptroller.

Odebrecht and its junior partner on the projects, Peru's biggest construction conglomerate, Grana y Montero, still maintain a 656 km (400 miles) stretch of the highway.



Story reporting By Mitra Taj; Editing by Michael Perry from Reuters.

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