Housing developer still barred from leaving Philippines

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Monday, March 3, 2014


BUSINESSMAN Delfin Lee of Globe Asiatique Realty Holdings Corp. (GA) would not be allowed to leave the Philippines even if his arrest warrant for syndicated estafa had been nullified by the Court of Appeals (CA).

In a resolution, the CA former Special 15th Division junked Lee's motion for partial reconsideration because his main petition did not question the issuance of hold departure order (HDO) against him by the Pampanga Regional Trial Court branch 42.

As a matter of judicial courtesy, the CA will also no longer entertain the case as it has already reached the Supreme Court (SC).

Lee has been hiding for years after Judge Amifaith Fider-Reyes of the Pampanga RTC ordered his arrest, along with his son Dexter and other accused, for allegedly using ghost borrowers and fake documents to obtain P6.65 billion in loans from the Home Development Mutual Fund (HDMF or Pag-Ibig Fund) in 2009.

The CA revoked the arrest warrant last November, noting Reyes' grave abuse of discretion for issuing resolutions dated May 22, 2012 and August 22, 2012. The CA said the trial court did not carefully check if the crime was committed by five or more persons.

Another CA division had cleared Pag-Ibig Fund foreclosure manager Alex Alvarez of syndicated estafa, saying he should never be at fault for notarizing the loan documents submitted by fake buyers of GA units in Mabalacat, Pampanga.

Dexter, GA accounting department head Cristina Salagan and ex-GA documentation chief Cristina Sagun are the remaining accused in the case. (Sunnex)

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