Edsa II rectification in order EDITORIAL 02/21/2010

Edsa II rectification in order EDITORIAL Click to enlarge 02/21/2010 The recantations and retractions former President Joseph Estrada had collected over the years involving Edsa II that robbed him of the presidency and seated Gloria Arroyo in power would be enough reason for the reopening of the plunder case that convicted him and was feebly based on insider trading and his supposed gains from the illegal numbers game jueteng. In truth, there really was no evidence presented by the prosecution of these two charges against Estrada. Besides, plunder refers to public funds. Neither the BW stocks nor jeuteng can be considered public funds. To say that the arrest, trial and conviction of Estrada were not politically motivated would be a big lie. The most recent Edsa II personality to seek Estrada’s forgiveness was former Securities and Exchange Commission (SEC) chairman Perfecto Yasay whose testimonies were claimed to be key to the insider trading allegations on the BW Resources stocks against Estrada. The Sandiganbayan ruling against Estrada used insider-trading as a principal basis for the plunder case to justify his being incarcerated for six and a half years after the 2001 power grab. But even as Yasay was captured on video stating that he had been used by those who wanted Estrada deposed, which was why he was apologizing to Estrada, Yasay recanted his apology a few days later, perhaps due to the same forces who had used him to paint Estrada black. Just goes to show one how worthless Yasay’s testimony during his impeachment, and now a recantation of that apology is.... MORE Source:  The Daily Tribune ALTERNATE URL: http://www.classicposters.com/commentary20100221com1.html

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