Toledo, who governed from 2001 to 2006, is already wanted in Peru for allegedly taking USD 20 million in bribes from Odebrecht, another Brazilian construction company at the center of a continent-wide corruption scandal.
In the new case, investigators have detected a payment of at least USD 3.9 million that Camargo Correa made to Toledo through an offshore account scheme with the money ending up in the account of a friend of the former president, prosecutors said in a statement.
Peru is seeking Toledo's extradition from the US for the Odebrecht case. In February, President Pedro Pablo Kuczynski asked President Donald Trump to deport the ex-Peruvian president.
Toledo is a former pro-democracy activist who led street protests that brought down former strongman Alberto Fujimori in 2000.
Authorities across Latin America have been moving fast to charge officials accused of taking some USD 800 million in bribes from Odebrecht.
The company acknowledged the bribes when it signed a plea agreement in December with the US Justice Department.
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