Thursday, April 22, 2010

Erap questions Villar's sincerity in helping OFWs

By Dennis Carcamo
Updated April 22, 2010 01:28 PM

Original Story:

MANILA, Philippines – Former President Joseph Estrada today claimed that Nacionalista Party presidential bet Sen. Manny Villar has been using the OFW market to make money.

In a press conference at the Pwersa ng Masang Pilipino’s (PMP) headquarters in Mandaluyong City, Estrada alleged that Villar's companies involved in housing projects, particularly Vista Land, are being used as "marketing schemes.”

He also questioned Villar's sincerity in helping the OFWs.

Portion of billions of pesos from the earnings of the housing projects are now being used in the seemingly inexhaustible campaign kitty of the Villar camp, he added.

For his part, PMP re-electionist senator Juan Ponce Enrile said Villar, who was then a senate president, used his position to pressure Philippine Stocks Exchange (PSE) officials to jack up the value of his companies' shares of stocks.

Villar has reportedly violated some PSE policies in the public offerings and listings of his companies' shares, Enrile said.

Original Story:

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