Estrada denies hand in BW Resources investigation

President Estrada dismisses suggestions he tried to help long-time ally Dante Tan avoid implication in the BW Resources share trading saga.

President Joseph Estrada of the Philippines has denied trying to intercede on a friend's behalf in the investigation of share trading in gaming group, BW Resources. The president, who is facing mounting calls to resign, had previously been accused of trying to clear Dante Tan, a close friend and former presidential adviser, of any wrongdoing in respect of the matter. Tan has been implicated in probes conducted by both the Securities and Exchange Commission and the Philippine Stock Exchange.รก

After the report was completed, PSE president Jose Luis Yulo and PSE Compliance and Surveillance Group CSG chief Ruben Almadro came to my office and informed me that Dante Tan was involved. My...

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