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.
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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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