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P200M in Erap Muslim Foundation missing 06/20/2012

Wednesday, June 20, 2012

P200M in Erap Muslim Foundation missing

06/20/2012
The P200 million deposited in the Erap Muslim Youth Foundation (EMYF), which was supposed to have been forfeited by the Sandiganbayan after the conviction on plunder of former President Joseph Estrada, appears to be missing, the camp of Estrada yesterday told the Tribune.

Estrada was said to be wondering which government agency or person had taken the funds from the bank, as they have been reported missing.

In a brief telephone interview with the former president, Estrada said that he has heard that the funds from the foundation which was forfeited by the Sandiganbayan are missing, and that he would like to know which government entity withdrew the funds and where they went to.

“We are still trying to check out where the money went. As of now, the report I got was that the funds are missing from the foundation.

It will be recalled that the P200 million was claimed by former Gov. Luis “Chavit” Singson to have come from the jueteng proceeds that went to Estrada, although this was said to have been meant as a donation to the foundation, which is a separate entity..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/headlines/20120620hea7.html

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