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Philippines: Opposition claims bank executive instructed Estrada to use alias.

BBC Monitoring International Reports

| February 27, 2002 | COPYRIGHT 2001 BBC Monitoring. (Hide copyright information)Copyright

Scrambling for damage control, the opposition said yesterday that it was Equitable PCI Bank Vice-President Clarissa Ocampo who had instructed then President Joseph Estrada to use the name "Jose Velarde" in signing bank documents two years ago.

Partido ng Masang Pilipino [Party of the Filipino Masses] (PMP) spokesman Jesus Crispin Remulla said it was Ocampo, a prosecution witness, who had asked Estrada to sign as Velarde to guarantee a loan to a friend of the former president.

"It was Ocampo who told the president to sign the papers in the name of Jose Velarde, the name written on the trust agreement which she brought with her to Malacanang [presidential …

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