Latest Stories

Estrada: I don’t have to pay anything

MANILA, Philippines—Ousted President Joseph Estrada on Friday “clarified” he was not obligated to comply with the Sandiganbayan’s demand that he pay a P189.7-million judgment following his conviction for plunder in 2007.

Estrada’s lawyer, Pacifico Agabin, described as misleading the headline of an INQUIRER article on Thursday which ran, “Court asks Erap to pay P190M in full.”

“The Inquirer headline was malicious and misleading. The court order was very clearly addressed to Banco de Oro, not to former President Estrada. Erap has no more obligation to the court,” Agabin said in a statement to the INQUIRER on Friday.

The Inquirer report said a resolution issued by the Sandiganbayan’s special division dated Feb. 11 ordered its sheriff and security services office to serve a second “Notice to Deliver on Banco de Oro-Unibank Inc.” to turn over all the funds in an investment management account (IMA) under the name “Jose Velarde.”

At the impeachment trial of Estrada, then Equitable-PCI Bank executive Clarissa Ocampo testified that she was only a foot away when Estrada signed documents as Jose Velarde in Malacañang.

Agabin, however, insisted it was businessman Jaime Dichaves, an associate and coaccused of Estrada in the plunder case, who used the alias and not the former president.

“Remember that in February 2001, at the initiative of Senate President Nene Pimentel, the second envelope was opened before the local and foreign media and it contained the document that stated that Jaime Velarde is Jaime Dichavez (sic), not Joseph Estrada,” Agabin said.

The Sandiganbayan on Sept. 11, 2007, found Estrada guilty of plunder and sentenced him to reclusion perpetua, or a prison term of up to 40 years. Then President Gloria Macapagal-Arroyo pardoned Estrada a month after the conviction.

The Sandiganbayan had also ordered the forfeiture of Estrada’s bank accounts and real estate property in Quezon City in favor of the government.

On Estrada’s behalf, Agabin said, he had asked the Sandiganbayan to give an accounting of what had been collected so far with the decision.

“I have already written a letter to the sheriff for an accounting and now await his reply,” he said.

The court’s acting judicial staff officer Albert de la Cruz, in a manifestation dated Feb. 18, reported that BDO had transferred to the court P101.3 million, as well as 450 million shares of Waterfront Philippines Inc. Dona Pazzibugan

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: 2013 electins , Joseph Estrada , Pacifico Agabin , Plunder

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
  1. 12 senators on Napoles ‘pork’ list, says Lacson
  2. Save the queen? Aide takes fall for Enrile, Gigi Reyes
  3. Palace prepared to charge its allies
  4. Senator’s kickback from pork bigger than those of Enrile, Estrada, Revilla – Lacson
  5. Napoles turnaround alarms whistle-blowers
  6. What Went Before: Malacañang allies alleged involvement in pork scam
  7. Napoles spills beans on Enrile, Estrada, Revilla – De Lima
  8. Timeline: Napoles tell-all
  9. HK apology: Why Estrada and not Aquino?
  10. Cedric Lee’s cohort flies out of PH despite look-out order – De Lima
  1. Napoles spills beans on Enrile, Estrada, Revilla – De Lima
  2. 12 senators on Napoles ‘pork’ list, says Lacson
  3. Gigi Reyes pins blame on aide
  4. Estrada: Gigi Reyes won’t testify vs JPE
  5. Bernice Lee arrested by NBI team
  6. Enrile chief aide back in PH ‘to face charges’
  7. Cedric Lee’s cohort flies out of PH despite look-out order – De Lima
  8. Suspect in Vhong Navarro’s mauling wants to turn state witness – De Lima
  9. Reckless driver endangered lives of Aquino, entourage–report
  10. Lawyer: Napoles ‘will tell all’
  1. MRT passengers pass the hat for 6-year-old Ashley
  2. Rookie, lady cops lauded for quick response to MOA heist
  3. Napoles spills beans on Enrile, Estrada, Revilla – De Lima
  4. Malaysia averts another air tragedy; pilot lands troubled plane safely
  5. Revilla says he was joking; Lacson stands by his story
  6. Revilla ‘consulted’ Lacson on how he evaded arrest
  7. 12 senators on Napoles ‘pork’ list, says Lacson
  8. Gigi Reyes pins blame on aide
  9. Cudia, dismissed for lying, got 99% in conduct
  10. Kim Henares needs a reprimand, says Cayetano


  • Obama: US will defend Japan vs China
  • Santiago accuses Lacson of fronting for Enrile, Gigi Reyes
  • Name names, Lacson told
  • Ukraine FM: We are ready to fight Russia
  • Slain officer’s ‘diagram’ rocks PNP
  • Sports

  • Sharapova advances to Stuttgart quarterfinals
  • Galedo caps ride of redemption
  • Beermen, Express dispute second semis slot today
  • Lady Agilas upset Lady Bulldogs in four sets
  • NLEX roars to 7th D-League win
  • Lifestyle

  • How Jing Monis Salon gave Krissy the pixie
  • Want to be a supermodel? Work on your inner beauty, says Joey Espino
  • Denims that keep you cool–literally
  • 10 essential summer skin savers
  • Here’s your visual guide to all things cool, hot in summer fashion
  • Entertainment

  • Kristoffer Martin: from thug to gay teen
  • Has Ai Ai fallen deeply with ‘sireno?’
  • California court won’t review Jackson doctor case
  • Cris Villonco on play adapted from different medium
  • OMB exec’s assurance: We work 24/7
  • Business

  • Bangko Sentral readies new bank lending rules
  • Gaming stocks gain, PSEi eases on profit-taking
  • Cebu Pacific flew 3.74M passengers as of March
  • Corporate bonds sweeteners
  • Professionals in the family business
  • Technology

  • Vatican announces hashtag for April 27 canonizations
  • Enrile in Masters of the Universe, Lord of the Rings?
  • Top Traits of Digital Marketers
  • No truth to viral no-visa ‘chronicles’
  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
  • Opinion

  • Editorial Cartoon, April 25, 2014
  • No deal, Janet
  • Like making Al Capone a witness vs his gang
  • MERS-CoV and mothers
  • A graduation story
  • Global Nation

  • Afghan hospital guard kills 3 American doctors
  • Career diplomat is new PH consul general in Los Angeles
  • US4GG: Aquino should ask Obama for TPS approval, drone technology
  • Complex health care system for California’s elderly and poor explained
  • Tiff with HK over Luneta hostage fiasco finally over
  • Marketplace