The Constitution of Montecristi had not yet been approved, however, the concern for corruption hovered in the legislative corridors. It never got through the arch. On two occasions it was proposed to elaborate a law so that the fortunes harvested in illicit acts were expropriated from those responsible and re-appropriated by the State. On two occasions, between 2008 and 2009, the Legislature did not pass the bill.
The so-called Law for the Extinction of the Domain was baptized in Peru as the Law of Loss of Ownership and has been, since its approval, the key instrument for the authorities of that country to recover up to 90 million dollars from Swiss banks, that were paid in bribes during the government of Fujimori. And now, in the middle of the Odebrecht plot, it is once again the tool with which the neighboring country goes to the Swiss banks to claim what the corrupt officials hid in their accounts.
This law avoids economic impunity in financial crimes that, taking advantage of the labyrinth of tax havens and the complications of international legal processes, allows those convicted of corruption to enjoy the money diverted after fulfilling the eventual criminal conviction. (I)