BREAKING NEWS

Philippines' Arroyo posts bail on fraud charges

By REUTERS

JULY 25, 2012 11:32

MANILA - Former Philippines president Gloria Macapagal Arroyo, a key target in the government's anti-corruption fight, was granted bail on election fraud charges on Wednesday and walked out of an army hospital where she had been detained since December.

But Arroyo could soon be back in detention with government lawyers seeking another arrest warrant from the anti-graft court, Sandiganbayan, over charges of plunder Over alleged misuse of state lottery funds, a non-bailable criminal offense.

Arroyo is also facing a graft charge over an aborted $329 million national broadband deal with China's ZTE Corp. in 2007. She denies all the charges.

Arroyo's corruption trial is central to President Benigno Aquino's pledge to tackle endemic graft that threatens to take the shine away from an economic revival and investment rebound in the Philippines.

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