A tragic turn in a corruption investigation that crosses Latin America
ON THE evening of April 16th, Alan García, Peru’s former president, went on the radio to declare he was innocent of accusations of corruption that were swirling around. Rumours of his likely arrest were pure supposition, he insisted: “I can tell you that I was not born to steal.
The scandal stems from the Lava Jato investigation in Brazil, which has spread to other countries. Brazilian prosecutors have won convictions for 155 people, and prison sentences totalling more than 2,000 years. Mr García’s first term in office, from 1985 to 1990, was marked by disastrous populist policies. In 1989, inflation rocketed above 7,000% and economic output shrank by 12%. But his second term, from 2006 to 2011, went much better. A free-trade agreement with the United States set the stage for subsequent deals with China, the European Union and a number of other countries. Average economic growth was impressive, at about 7% per year, and inflation and unemployment remained low.
The Lava Jato investigation was too extensive to escape, however. It has exposed the corruption and incompetence at the heart of Peruvian politics. Prosecutors have asked the United States to extradite Alejandro Toledo, Mr García’s predecessor, who stands accused of accepting a $20m bribe from Odebrecht . Both of Mr García’s successors are also implicated: Ollanta Humala spent nearly nine months in prison.
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Peru's ex-President Alan García shoots himself before arrestGet breaking national and world news, broadcast video coverage, and exclusive interviews. Find the top news online at ABC news.
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