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Showing posts with the label Alfonso Yuchengco

Estrada vs. Yuchengco

Former President Joseph "Erap" Estrada is set to file a libel case against tycoon Alfonso Yuchengco on Thursday, following the latter's claim that he was forced to sell his stake in a company that had shares in Philippine Long Distance Telephone Co. (PLDT).

Lacson vs. Estrada Part 1

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Sen. Panfilo Lacson made good yesterday his threat to expose former President Joseph Estrada’s “bad side” as he recited in a privilege speech a litany of the deposed leader’s alleged excesses and criminal activities, including smuggling and the shakedown of a businessman (that businessman is Alfonso Yuchengco). In his speech, he narrated how Estrada enriched himself while in power from 1998 to 2001. Lacson accused Estrada of involvement in the illegal numbers game jueteng, extortion and intimidation of businessmen, and of ordering the release of big shipments of smuggled dressed chicken and rice from the Bureau of Customs. Behind Estrada’s pro-poor posture was a man lusting for power and wealth, Lacson said.