Toledo convicted of money laundering in Peru

Former Peruvian President Alejandro Toledo was convicted of aggravated money laundering and sentenced to 13 years and 4 months in prison. The court found Toledo used third parties and offshore companies to launder illicit funds from bribes, acquiring properties and increasing his wealth illegitimately. This sentence will run concurrently with his previous conviction. The case, known as Ecoteva, involved over $5 million transferred through Costa Rican companies to purchase properties in Peru. Toledo's former security chief and a lawyer also received lengthy prison sentences.