SIX years after former president and now Manila mayor Joseph Estrada has been found guilty of plunder, the bank account of "Jose Velarde" has finally been emptied and closed.
A senior official of top seeded Banco de Oro (BDO) said in her three-page sworn statement that Investment Management Account (IMA) Trust Account 101-78056-1 has already been "terminated" after all its assets was transferred to the state's name.
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