The interesting part will be what will the Arroyo admin do next to Erap.
UPDATE: From Ninez Cacho Olivarez:
The crime of plunder, as explained by Sen. Miriam Defensor Santiago, has to do with the the malversation of public funds, or raids on the public treasury.
One must then ask: Where was the plunder then that the Sandiganbayan Special Division justices claimed Erap Estrada committed when they declared him guilty of plunder in two instances, namely, the commissions from the BW shares of stocks and the jueteng payoffs while acquitting him of two other plunder charges, namely, the P130-million tobacco excise tax diversion and the Jose Velarde account, since neither the BW commissions nor the jueteng payoffs came from public funds?
Plunder then should have referred to the P130-million tobacco tax funds diversion, but Erap was acquitted of this crime and in the case of the commission from the BW shares sale, this, too, can’t be considered public funds. So where was the plunder and what public funds were malversed by Estrada?
Evidently, in the case of the P130-million tobacco tax diversion, the justices couldn’t quite justify it, since they were present in an ocular inspection of the alleged delivery of the money in four boxes, as per the testimony of the demonstrably corrupt governor, Chavit Singson. There was also the fact that the justices were present in a Central Bank test of P130 million fitting into the four boxes whose dimensions were provided by Singson.
I believe Erap took bribes from Chavit, but I don't think he stole or diverted public funds for his personal use. Anyway, read the whole thing.
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