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PIA Press Release
2007/09/12

Palace bows to Sandiganbayan's decision on Erap cases

Manila (12 September) -- "We bow to the decision of the Sandiganbayan. We hope and pray that the rule of law will prevail."

Thus said Press Secretary and Presidential Spokesman Ignacio Bunye in a statement following the announcement of the verdict on former President Joseph "Erap" Ejercito Estrada's plunder and perjury cases at the Sandiganbayan.

The Sandiganbayan found former President Joseph Estrada guilty for the crime of plunder beyond reasonable doubt and sentenced him to be imprisoned in reclusion perpetua.

The anti-graft court, likewise, ordered the forfeiture of former President Estrada's 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.

"We hope and pray that the rule of law will prevail. Meantime, we have a country continues to run, an economy to grow, and a peace to win," expressed Bunye.

He added that the present administration hopes that this sad episode in Philippine history will not permanently distract the country from its goals. (PIA) [top]

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