MANILA, Philippines -- Former president Joseph Estrada has been found guilty beyond reasonable doubt of plunder by the Sandiganbayan and has been sentenced to life imprisonment.At the same time, the anti-graft court ordered the freezing of Estrada’s accounts estimated at $87 million.
The funds, including protection money from illegal gambling operators, embezzled tobacco taxes, and commissions from insider trading, will be "forfeited," the anti-graft court ruled.
But Estrada son, Senator Jose “Jinggoy” Estrada, and lawyer Eduardo Serapio, were acquitted by the anti-graft court in its ruling issued Wednesday that capped a six-year trial for the former leader who was ousted in a popular revolt in 2001.The perjury case against Estrada however was dismissed.The court said it would allow Estrada to stay at his resthouse in Tanay, Rizal “until further orders.”The former leader said he did not want any special treatment.
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