Erap submits campaign expenses, declares P235.5M spent
By Marie A. Surbano 06/24/2010 Former President Joseph Estrada, who ran for the presidency and landed in second place, earning close to 10 million votes, yesterday submitted his report on his campaign expenditure, stating that he spent a total of P235.5 million for his campaign in the last May 10 polls. In his statement of contributions and expenditures sub-mitted to the Com-mission on Elections (Comelec), Estrada said majority of the election contributions he received came from businessmen. International Container Terminal Services Inc. (ICTSI) owner Ricky Razon, was his biggest contributor giving P15 million in donation, followed by construction magnate Antonio Evangelista shelling out an equal amount of P15 million. Real Estate developer Andrew Tan of Megaworld also contributed P12 million while Manny Pangilinan of Smart Communications, Philippine Long Distance Telephone Company (PLDT) and TV5 contributed P10 million to Estrada’s campaign kitty. Members of Estrada’s family donated P20 million while he admitted that he shelled out P8 million. The former president also received contributions from Ortigas Co. Ltd., which is a real estate firm known for developing Greenhills Shopping Center and Tiendesitas (P4 million); mall chain SM Shoemart of Henry Sy (P10 million); and pharmaceutical giant United Laboratories Inc. (P10 million). Source: The Daily Tribune URL: http://www.tribuneonline.org/headlines/20100624hed3.html |
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