12:16 PM
Seiken
Former Actor and President Joseph Ejercito "Erap" Estrada, age 70-year-old, was found guilty in his Plunder case and acquitted in his Perjury case. His co-accused son Senator Jinggoy Estrada and Edward Serapio are also acquitted on the plunder case.
In the meantime, the court allowed Estrada to return to his Tanay, Rizal resthouse, instead of being hauled off to prison. Estrada, who called the verdict "a political decision" by "a kangaroo court," was also ordered to forfeit a mansion and more than P731 million ($15.5 million; euro11 million), plus interest, that were deposited into two bank accounts.
His plunder case was base/accused of illegally amassing about P4 billion pesos (US$81 million; euro62 million) bribes and proceeds from illegal gambling, and falsely declaring his assets. The trial ran from October 2001 to June 15, 2007. Receiving P189.7-million kickback from Belle Corp. for GSIS, SSS purchase of P1.8-billion worth of shares of stocks.
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