Binay: Government has strong case vs Delfin Lee

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Tuesday, May 20, 2014


VICE President Jejomar Binay on Tuesday said the government has a strong case against the arrested real estate developer Delfin Lee who is facing syndicated estafa charges before a Pampanga court.

"Kung pagbabatayan natin iyong ebidensiya, palagay ko after due process, talagang he will be found guilty," said Binay who is the chairperson of the Housing and Urban Development Coordinating Council and chairperson of the Home Development Mutual Fund (HDMF or Pag-Ibig Fund) Board of Trustees.

In response to the reported statement of Lee that he would surely rot in jail if Binay wins the presidency in 2016, the Vice President retorted that it was just too bad for the businessman as the man who ordered the pressing of charges against him understands his job.

"Siguro, ang malas lang ni Mr. Lee, natapat s'ya na naiintindihan ko ang ginagawa ko. Uulitin ko, inaral namin itong mabuti. 'Yung mga hindi naman kasali, hindi naman inihabla," Binay told reporters in an interview.

Lee reportedly said Binay's first act in office was to declare his Xevera projects in Pampanga "ghost towns" made up of "ghost buyers."

Lee added that he was in the process of re-documentation and finding new buyers but Pag-Ibig cancelled his contract, refused to accept his payments, and barred the release of the titles, which ruined his business.

Lee said he built 11,000 houses -- 4,500 in Bacolor and 6,500 in Mabalacat -- anchored on a town center he created from the ground up, betting his own money.

The Vice President ordered the filing of syndicated estafa charges against Lee and several Globe Asiatique officials in December 2010 after an investigation he ordered revealed that Lee used fake documents and ghost borrowers who supposedly bought homes in Globe Asiatique's Xevera housing project in Mabalacat, Pampanga, to siphon almost P7 billion in loans from Pag-Ibig Fund.

Lee was arrested in March by Task Force Tugis, which was formed to capture the country's top five high-profile fugitives that include him, Jovito Palparan, Ruben Ecleo Jr., and brothers Joel Reyes and Mario Reyes. (Jun M. Sarmiento/Sunnex)

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