Prosecutors said today they were investigating former Philippine President Joseph Estrada for allegedly plundering millions while in office.

Joseph Estrada has quit as President of the Philippines with Vice President Gloria Macapagal-Arroyo being quickly sworn in.

Philippine president Joseph Estrada has refused to step down after being given a deadline of 10pm GMT to resign from office.

Four tanks have reportedly entered the Philippine presidential palace as fears of a coup grip the country.