Quantcast
Latest Stories

What Went Before: Globe Asiatique case


In August 2011, the Department of Justice (DOJ) approved the filing of a syndicated estafa case against Globe Asiatique Realty Holdings Corp. owner Delfin Lee, his son Dexter Lee, Globe Asiatique officers Christina Sagun and Cristina Salagan and Pag-Ibig Fund official Alex Alvarez.

The case stemmed from the use of allegedly anomalous loans amounting to over P7.03 billion granted by the Home Development Mutual Fund, also known as the Pag-Ibig Fund, to “ghost borrowers” who had allegedly bought properties Globe Asiatique’s housing projects in Pampanga province.

Syndicated estafa is a nonbailable criminal offense and punishable by life imprisonment.

But before the DOJ could file charges against Lee, Pasig City Regional Trial Court Judge Rolando Mislang issued an injunction, agreeing with Lee that an existing “prejudicial question” must first be resolved before the DOJ could pursue the criminal complaint against Lee.

In April 2012, the Court of Appeals struck down the Pasig City RTC order, saying Judge Mislang committed a grave abuse of discretion and that “an injunction will not lie to enjoin a criminal prosecution because public interest requires that criminal acts be immediately investigated and protected for the protection of society.”

Following the ruling, Lee, in a petition for review, urged the Supreme Court to issue a temporary restraining order (TRO) to stop the DOJ and eventually overturn the Court of Appeals ruling.

On May 22, 2012, Judge Maria Amifaith Fider-Reyes of Branch 42 of the Regional Trial Court of San Fernando, Pampanga, issued a warrant of arrest against Lee et al. in connection with the case.

Despite a nationwide manhunt and a P2-million reward by the government for information leading to his arrest, Lee remains a fugitive.

In October 2012, the Supreme Court denied Lee’s petition questioning his indictment for syndicated estafa. The high court said Lee had failed “to show any reversible error in the challenged decision as to warrant the exercise of the Court’s discretionary appellate jurisdiction.”—Inquirer Research

Source: Inquirer Archives


Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Business , court , Crime , Globe Asiatique Realty , Philippines , real estate , syndicated estafa




Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
  1. Gigi Reyes back to face charges
  2. Enrile chief aide back in PH ‘to face charges’
  3. In the know: Gigi Reyes
  4. SC suspends proctor in 2011 bar exams
  5. Senator Pimentel backs German think tank’s stand vs dynasties
  6. Bar proctor suspended for photographing test papers
  7. Collector Danny Garcia says Inquirer worth more than news
  8. Meteor shower to light up PH skies
  9. What Went Before: Enrile denies Gigi Reyes was ‘other woman’
  10. Henares on Pacquiao bashing: I did not start this
  1. Kim Henares needs a reprimand, says Cayetano
  2. Suspect in Vhong Navarro mauling tries to leave PH
  3. More legal woes for Cedric Lee
  4. ‘No real progress in PH if dynasties not dismantled’
  5. ‘Mom, I love you,’ says text from student on sinking ferry
  6. Fr. Suarez says last Mass on Easter before returning donated land to San Miguel
  7. Enrile chief aide back in PH ‘to face charges’
  8. Massive infra spending set
  9. Henares on Pacquiao bashing: I did not start this
  10. I’ll follow my conscience on Estrada, says JV Ejercito
  1. KL confirms Malaysian Airlines Flight MH370 ended in Indian Ocean
  2. MRT passengers pass the hat for 6-year-old Ashley
  3. Rookie, lady cops lauded for quick response to MOA heist
  4. Malaysia averts another air tragedy; pilot lands troubled plane safely
  5. Revilla says he was joking; Lacson stands by his story
  6. Revilla ‘consulted’ Lacson on how he evaded arrest
  7. Police rule out foul play in Helena Belmonte’s death as boyfriend is ‘traumatized’
  8. Cudia, dismissed for lying, got 99% in conduct
  9. Model Helena Belmonte wished ‘to slash her wrist and hope to die’
  10. Hammer-wielding robbers cause chaos at Philippines’ Mall of Asia
Advertisement

News

  • Militants kill 14 Algerian soldiers in ambush
  • Pope Francis, huge crowd joyously celebrate Easter
  • 4 French journalists freed from Syria captors home
  • Thousands celebrate Easter in Holy Land
  • Transcript reveals confusion over ferry evacuation
  • Sports

  • Red-hot Alaska rips injury-depleted San Mig Coffee
  • Pacquiao courtesy call to Aquino set for Monday
  • Nick Calathes suspension a reminder of supplement risk
  • Teague scores 28 as Hawks soar past Pacers in Game 1
  • Warriors beat Clippers in playoff opener
  • Lifestyle

  • Angono petroglyphs in danger of disappearing
  • Britain’s baby Prince George visits Australian zoo
  • Noli Yamsuan, Cardinal Sin’s ‘official’ photographer: ‘I could smell the aftershave lotion of the Pope’
  • Simplifying and lightening life
  • Where to go for Easter night-out
  • Entertainment

  • Show-biz celebrities’ other choices of summer getaway
  • Why ‘Noah’ can’t dock his ark at Philippine theaters
  • Acclaimed artist goes wild while on holiday
  • Believing in this mermaid
  • Missing Xian
  • Business

  • Top-selling insurance agent opens her dream café
  • Connecting and transacting with one another
  • Building wealth for health
  • Why Mandaue Foam buys, rather than rents, space
  • A workplace of new possibilities
  • Technology

  • Nasa’s moon-orbiting robot crashes down
  • Netizens pay respects to Gabriel Garcia Marquez
  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Opinion

  • Epiphany
  • Unpaid creditor vs distressed debtor
  • Moving on
  • From culinary desert to paradise
  • Response to China: ‘Usjaphil’
  • Global Nation

  • Tim Tebow’s charity hospital in Davao seen to open in 7 months
  • OFW died of Mers-CoV in Saudi Arabia, says family
  • Aquino, Obama to tackle US pivot to Asia during state visit
  • Asia seeks Obama’s assurance in territorial spats
  • Cesar Chavez movie sparks memories of Fil-Am labor leaders
  • Marketplace
    Advertisement