Erap says 3 witnesses willing to testify vs Villar

Erap says 3 witnesses willing to testify vs Villar
By Jose Rodel Clapano
The Philippine Star

CAGAYAN DE ORO CITY, Philippines – Former President Joseph Estrada said he has three witnesses who can prove that Nacionalista Party presidential candidate Manuel Villar Jr. had used his influenced as Senate president to convince officials of the Philippine Stocks Exchange to allow him sell billions of pesos in shares in a real estate firm in 2007.

Estrada, the standard-bearer of the Pwersa ng Masang Pilipino said the three witnesses who fed him the information six months ago are willing to testify against Villar. He declined to name them.

“One of them is a businessman,” he said. “They lost almost 20 to 30 million (pesos). They are simple businessmen.”

“He will have a hard time because what Senate President Juan Ponce Enrile exposed are all backed up by documents, including the meetings of the board of directors of the PSE,” he said.

Enrile said Villar, as Senate president, violated stock exchange rules when he influenced the PSE board in June 2007 into approving his request for the release of close to 30 percent of his shares in Vista Land from the lock-up period. Villar said the accusation was black propaganda.

Estrada said he does not care if Liberal Party standard-bearer Benigno Aquino III would benefit from the exposé.

“We did not do that for the purpose of helping Noynoy,” he said. “We did that to inform and help the people. It is our duty, my duty even as a private citizen,” Estrada said.

Karen Ang

A plebeian who is trying to make small changes in this world.