The BW scandal. To Erap, this was no scandal at all. This has served him well when he was mayor en route to his ascendancy to the highest office in the land. He was, in fact, repaying past favors and would even go on record as saying that in the case of Lucio Tan, he has not repaid him enough for the support Tan gave him during his candidacy. The fact that he owned shares in BW Resources is another story.
Politicians do it all the time.
Even corporations use dummies to circumvent ownership limitations. Meddling is part of the president's prerogative. The PLDT deal. It's not a government transaction at all according to Erap's definition. It's one private company buying into another private company.