Senate panel to summon Delfin Lee to housing scam probe

 News
Mar 192014
 
The Senate housing committee will summon detained businessman Delfin Lee to its probe on the alleged Globe Asiatique housing scam, Senator JV Ejercito said Wednesday.

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
 

PNP remains focus, steadfast in accomplishing mission

 Entertainment
Mar 152014
 
PNP remains focus, steadfast in accomplishing mission

Police Deputy Director General Ager P Ontog Jr, Deputy Chief PNP for Operation/ Commander National Task Force SAFE 2013 gives out guidance regarding the deployment of PNP personnel in the field especially in areas vulnerable to attacks of lawless elements in response to the call for Secure and Fair Election (SAFE 2013). MANILA  (Mabuhay) – Philippine National Police (PNP) Director General Alan Purisima on Thursday assured that the 145,000-strong organization remained focus and steadfast in accomplishing its mission amid controversies hounding the organization. At a press conference, Purisima said the PNP will not be dissuade by controversies that sometime overshadowed the accomplishment of the organization. In fact, the chief PNP said that the morale of the PNP remains high. ”In spite of the recent controversies affecting the PNP that has somehow ‘distracted’ public attention from our continuing transformation and reforms, we are undertaking to raise the level of our competencies to better serve the people as operationalized by our intensified campaigns against organized crime, illegal drugs, loose firearms, and wanted persons. Our operating units maintained their strategic focus according to our action priorities and accomplished the mission, nonetheless,” said Purisima. ”At any rate, morale remains high within the ranks because of all these commendable accomplishments and we also stand steadfast and strong for the people we serve and protect,” he added. Purisima cited the controversy now surrounding the arrest of real estate magnate Delfin Lee, whose camp is using his supposed delisting from the PNP’s List of Most Wanted as Read More …

Pag-Ibig asks CA to stop order that it keep lending to Globe Asiatique borrowers

 News
Apr 302013
 
Pag-Ibig asks CA to stop order that it keep lending to Globe Asiatique borrowers

The Home Development Mutual Fund, more commonly known as the Pag-Ibig Fund, on Tuesday asked the Court of Appeals to stop a Makati ruling ordering it to continue releasing money to borrowers of embattled Globe Asiatique Realty Holdings Corporation, whose president Delfin Lee is being pursued by authorities for a P6.65-billion syndicated estafa case. In an 85-page petition for special civil action for certiorari, the the HDMF contested a January 30 and December 11, 2012 ruling of Makati Judge Eugene Paras favoring Globe Asiatique. Earlier, HDMF had terminated its agreements with Globe Asiatique after a post-audit of the realty firm revealed that it “fraudulently fabricated hundreds of loan applications, using fictitious applicants/buyers and spurious loan documents.” In Paras’ rulings, however, he ordered the HDMF to enforce the terminated agreements again and release more large sums of money to Globe Asiatique. The petitioner said the judge only conducted “summary proceedings, without the benefit of a full-blown trial, all in the face of the massive and wholesale fraud perpetrated by GARHC against HDMF and its member-contributors.” The HDMF insisted that the termination of the agreements was “just and warranted” under Article 1191 of the Civil Code of the Philippines. The particular article states: “The power to rescind obligations is implied in reciprocal ones, in case one of the obligors should not comply with what is incumbent upon him.” The HDMF asked the appeals court to issue a “temporary retraining order and/or a writ of preliminary injunction enjoining Respondent Hon. Eugene S. Paras Read More …