Delfin Lee, Globe Asiatique to face syndicated estafa charges for "ghost" loan borrowers
(SPOT.ph) Acting on the first of four syndicated estafa complaints against executives of real estate company Globe Asiatique (GA), the Department of Justice has found probable cause to indict GA president Delfin Lee; his son, Dexter; GA head of accounting Christina Salagan; GA head of documentations Christina Sagun, and Pag-Ibig Fund employee Alex Alvarez, reports ABS-CBN News.
In 2008, allegations that GA entered a "ghost borrowers" scheme that supposedly defrauded the government of about P6.65 billion made headlines, reports GMA News. GA allegedly used fictitious buyers to get loans from Pag-Ibig for its Xevera housing project in Pampanga. The National Bureau of Investigation discovered that 1,000 Xevera buyers were made-up after learning that GA used fake TINs, marriage contracts, and identification cards for them.
In its 50-page review,the DOJ wrote: "Indeed, by provision of law, Delfin S. Lee is liable for the offense and... his act of signing the agreements is enough to indict him for the violation committed by the corporation." The other four accused were held responsible for their knowledge of the issue and/or their failure to prevent the fraud, reports the Philippine Daily Inquirer.
Pag-Ibig lawyer Sandra Coronel said her camp was pleased with the findings. "We are happy with the resolution. We hope na this is going to make the other victims of Globe Asiatique come out and also file cases kasi napapakita ng DOJ na talagang independent-minded sila. Despite the pressures ay willing sila na mag-prosecute pag talagang may kaso ng syndicated estafa," she said in an ABS-CBN report.
Syndicated estafa is a non-bailable offense and punishable with life imprisonment. Three other syndicated estafa cases filed against GA are in the preliminary stages of investigation.
For more on this story, log on to ABS-CBN News, GMA News, and the Philippine Daily Inquirer.
Saksi’s report on the Department of Justice’s recommendation to charge Globe Asiatique with syndicated estafa