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Sandigan forfeits Erap's 'Velarde' accounts, Boracay mansion
source : GMANews.TV   
Tuesday, 11 September 2007 19:28
The Sandiganbayan on Wednesday ordered the forfeiture of former President Joseph Estrada's bank accounts and real estate property in Quezon City in favor of the Philippine government.

In the verdict, the antigraft court said the following will be forfeited from Estrada: P542.701 million worth of bank accounts including interest, P189 million worth of Jose Velarde accounts including interest and the so-called Boracay mansion in New Manila, Quezon City.
Meanwhile, the court ordered the release of cash bonds posted by co-accused Sen. Jose "Jinggoy" Ejercito and lawyer Edward Serapio. The two were cleared if perjury and plunder charges. - GMANews.TV
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You are here  : Home Special Topics Erap Plunder Case Sandigan forfeits Erap's 'Velarde' accounts, Boracay mansion