Arrest warrant out for Globe Asiatique's Lee


Posted at May 23 2012 11:48 AM | Updated as of May 24 2012 01:40 AM

MANILA, Philippines - Globe Asiatique owner Delfin Lee and other company officials have been ordered arrested, after a judge found probable cause for the syndicated estafa case filed against them, according to Vice President Jejomar Binay.

In a statement, Binay said Judge Amifaith Fider-Reyes of the Regional Trial Court Branch 42 in San Fernando, Pampanga, issued the warrants of arrest last Tuesday with no recommendation for bail.

"Globe Asiatique defrauded the ordinary workers who are contributors of Pag-IBIG Fund. The company defrauded hardworking citizens of Pampanga by selling property they already purchased legitimately to other buyers, a practice known as double selling. The issuance of the warrants of arrest against Delfin Lee and his co-accused just shows that the law is on the side of the ordinary workers duped by Globe Asiatique," he said.

Binay is the chairman of the Housing and Urban Development Coordinating Council and the Pag-IBIG Board of Trustees.

The Department of Justice (DOJ) had recommended the filing of syndicated estafa charges against Lee and several others, after GA was found to have used "ghost borrowers" and fake documents to obtain over P6.5 billion in loans from Pag-IBIG.