Peru's former President Pedro Pablo Kuczynski was handed a 36-month-long preventive prison sentence by a judge for his alleged involvement in a corruption case.
Kuczynski, who served as Peru's President from 2016 to 2018, was detained on April 10, as part of an ongoing investigation into bribery charges against Brazilian construction giant Odebrecht.
The company allegedly bribed government officials in exchange for favours, according to Xinhua.
According to Peru's judicial authority, the former Peruvian President "is being investigated for money laundering...being a part of a criminal organisation."
The sentencing comes in the wake of two-time former President Alan Garcia committing suicide as police sought to arrest him on similar charges related to Odebrecht bribery case.
Since 2017, Kuczynski is being investigated for accepting payments from Odebrecht, during his tenure as the minister of economy and finance under former President Alejandro Toledo, for his services as a consultant.
Toledo, meanwhile, has been found guilty of having received USD 20 million in bribes from Brazilian construction giant.
Odebrecht was allegedly given the contract to build the Interoceanic Highway linking Peru and Brazil in exchange. the Latin American country is currently seeking Toledo's extradition from the United States.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
