What Went Before: Globe Asiatique case

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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

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  • Guest

    What went before the Globa Asiatique scam was the approval of then Pag-ibig fund President and CEO Miro Quimbo. Without Miro Quimbo’s approval of the P7 billion loan, the Globe Asiatique scam would not have happened.

    see for yourself :  youtube,com/watch?v=AjjJmYE-dF0

  • farmerpo

    Why are big time high profile suspects so elusive?  Tanong ko lang po. CAP scam perpetrators are all on the loose and living high, Palparan, Reyes brothers etc…are romping around god knows where. Considering kabi kabila ang mga government sectors na may ‘intelligence funds’. Probably intelligence funds are not intelligently used. 

  • http://profile.yahoo.com/KNWCMVMPABEZBCMA36S7FJAKQM orchid

    Delfin Lee is being protected by politicians up in the high level to explain his elusiveness from the hands of justice.
    But his day will come when he becomes useless to these high powered politicians where he will have no choice to either surrender or just be salvaged by the same politicians.

    • tarikan

      Baka nasa Mindoro si Delfin nagtatago sa farm ni kabayang NoLee.

  • billy gunner

    the approved loan was 7B. i wonder why quimbo was not indicted.

  • wilfel

    Money talks.

  • azkal futbol

    hwag kalimutan si quimbo at noli de castro. kasama ang mga ito sa 7-billion scam. 

  • Legally Black

    Pasig City Regional Trial Court Judge Rolando Mislang should also be liable under the law, or should be removed in the office for abusing his discretion.  His abusive acts should not be countenanced.  Such gross ignorance of the law should be severely punished.  We all know that he would not issue the writ of injunction without any consideration, as the case involves or affects public interest. Sadly, but TRO for sale! 

  • ztefertilizerscam10

    Noli De Castro P6.6 billion pesos Pag-ibig Fund scam.

    During its lengthy discourse in its Sunday edition on the shameful multibillion-peso scandal that is the Globe Asiatique-Pag-IBIG housing deal, the broadsheet The Manila Times which is published by our good friend Dr. Dante Ang had one glaring omission that astounds.

    It is the fact that former Vice President Noli de Castro and incumbent Marikina Rep. Miro Quimbo were both at the helm of the state housing agency when this sorry excuse for a real estate developer Globe Asiatique Realty Holdings Corp. was permitted to “take out” some P6.6 billion in loans and other forms of financial support for its ambitious Xevera and Hanjin housing projects in Pampanga.

    De Castro was appointed as the country’s “housing czar” in 2004 by President Arroyo, and as such supervised the Pag-IBIG Fund and other related companies, a position he held until June 30, 2010.

    • tarikan

      Ex-VP NoLee de Castro, being the head of Pag-IBIG Fund said his signing of loans was ministerial. That is the usual excuse ng mga tangang officials but pagdating sa padulas mga switik. Ano kamo Kabayan, pirma ka ng pirma pero walang kang alam kung ano yung pinipirmahan mo? Papano ka paniwalaan ng mga anak mo nyan?

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