Ejercito, chairman of the Senate panel, said Lee needs to face the investigation because he is the alleged mastermind of the anomaly, which reportedly defrauded thousands of Home Development Mutual Fund (Pag-IBIG Fund) members.
“We would like to inquire and investigate on the policies of Pag-IBIG then, how this double sale of housing units occurred, how a company like Globe Asiatique acquired a loan from Pag-IBIG using ghost housing loan applicants, and how we could protect people from this manipulative and anomalous housing loan scheme,” he said in a text message.
The investigation will be set in two to three weeks, and will include victims of the supposed anomaly, he added.
Lee is currently detained at the Pampanga Provincial Jail following his arrest early this month over a P6.6-billion syndicated estafa case.
In 2008, Globe Asiatique entered into a Funding Commitment Agreement with Pag-IBIG for the housing project. It allegedly got at least P6.6 billion in housing loan proceeds for home buyers. (Click here to see infographic on the Globe Asiatique housing anomaly)
However, an investigation by the National Bureau of Investigation (NBI) supposedly showed Lee made false representations and submitted fake documents to secure the loans.
From the 9,951 alleged Pag-IBIG borrowers in the Globe Asiatique deals, 1,000 could not be located, 400 denied applying for housing loans, and 200 had incomplete documents for the transaction. Some of the buyers were allegedly fake members of Pag-IBIG, and others were ineligible for membership. Another group of buyers used spurious loan accounts. — RSJ, GMA News
