| You are in: World: Asia-Pacific | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
Thursday, 8 February, 2001, 13:22 GMT
Lawsuit filed to seize Estrada's wealth
![]() Estrada allegedly built luxury mansions for his mistreses
Criminal proceedings have been opened in the Philippines to seize former President Joseph Estrada's alleged unexplained fortune worth $400m.
The money has allegedly been stashed away in secret bank accounts and in mansions built for mistresses.
On Thursday, as part of their investigations into the alleged fortune, state prosecutors ordered local banks to surrender Mr Estrada's account records, having already moved to freeze them.
Mr Estrada was forced from office last month amid a military-backed popular uprising following the collapse of his impeachment trial on corruption charges. He is facing separate charges by the Philippine ombudsman for corruption, bribery and economic plunder - a crime that is punishable with the death sentence. Luxury mansions Justice Secretary Hernando Perez, who endorsed the case and helped prepare it, said about half the money was held in 11 banks and the rest in seven luxury mansions.
"Estrada's ouster is not the end. There should be justice for the Filipino people - and that means he should be prosecuted and jailed," said complainant Rafael Mariano, chairman of the Peasant Movement of the Philippines. Mr Estrada has denied all charges against him, including using an alias to open accounts. Earlier this week, he asked the Supreme Court to halt the ombudsman's investigations, asserting that he was still the country's president and had absolute immunity from lawsuits. Gambling information Interior Secretary Jose Lina told reporters on Thursday that Mr Singson had been named an anti-gambling consultant and would receive a nominal salary of one peso (two US cents) a year.
Mr Singson, a provincial governor, sparked the crisis in October by revelations that Mr Estrada - a former drinking and gambling buddy - had received millions of dollars in kickbacks from gambling syndicates after taking office in 1998.
|
See also:
Internet links:
The BBC is not responsible for the content of external internet sites Top Asia-Pacific stories now:
Links to more Asia-Pacific stories are at the foot of the page.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
Links to more Asia-Pacific stories
|
|
|
^^ Back to top News Front Page | World | UK | UK Politics | Business | Sci/Tech | Health | Education | Entertainment | Talking Point | In Depth | AudioVideo ---------------------------------------------------------------------------------- To BBC Sport>> | To BBC Weather>> ---------------------------------------------------------------------------------- © MMIII | News Sources | Privacy |
|