According to Investing, a judge believed that Toledo could flee and that is why he ordered for him to remain in prison.
“U.S. Magistrate Judge Thomas Hixson ruled that Toledo, who was arrested earlier this week in California and appeared in a packed courtroom wearing a red prison jumpsuit, should be kept in custody during extradition proceedings, a process that could last a year”, the aforementioned media said.
Toledo allegedly received $20 million US dollars from the Brazilian construction company Odebrecht in exchange for aid with public works when he was president from 2001 to 2006.
When he was arrested last week, the FBI found a suitcase with $40,000 in cash.
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