Arrest warrant out for Delfin Lee

SAN FERNANDO, Pampanga—A local court has ordered the arrest of developer Delfin Lee, his son and three officers of Lee’s Globe Asiatique Realty Holdings Corp. for syndicated estafa in connection with the P7-billion “ghost borrowers” housing loan scandal.
The Lee father and son, Christina Sagun, Cristina Salagan and lawyer Alex Alvarez were ordered arrested by Judge Maria Amifaith Fider-Reyes of the Regional Trial Court (RTC) Branch 42 after the judge found probable cause in a syndicated estafa case filed against them in connection with Globe Asiatique’s Xevera housing projects in Bacolor and Mabalacat towns in Pampanga.
Reyes did not recommend any bail for the Globe Asiatique officers who were sued by several home buyers and the state-run Home Development Mutual Fund (Pag-Ibig Fund) for allegedly conspiring in the irregular use of P7.03 billion worth of housing loans obtained by unqualified Pag-Ibig Fund members between 2008 and 2010, the so-called “ghost borrowers” who bought homes in Globe Asiatique’s Pampanga housing projects.
The decision came more than a month after the Department of Justice (DOJ), with approval from the Court of Appeals, filed the case for syndicated estafa at the RTC here. It was raffled off to Reyes who received six boxes of documents relating to the case.
Pag-Ibig president
The DOJ task force on securities and business scams, which recommended the filing of syndicated estafa charges against Lee et al, also referred to the Office of the Ombudsman for “appropriate investigation” complaints against Marikina Representative Romero Quimbo, who was the Pag-Ibig president at the time of the Globe Asiatique loan takeouts, Jaime Fabian, Tessie Gonzales, Rafael Albano and Vilma Flores for possible violation of the Anti-Graft and Corrupt Practices Law.
In late April, Lee went to the Supreme Court to stop the DOJ from filing the syndicated estafa charges against him.
“To allow the continuation of the criminal cases against him would undoubtedly cause serious and irreparable injury and damage to petitioner—damage which he or his business may no longer recover from,” Lee’s petition for review read.
About two years ago, several Pag-Ibig Fund employees blew the lid on the housing loan scam allegedly perpetrated by Globe Asiatique. They said Lee’s company allegedly paid people to enroll themselves as Pag-Ibig Fund members under the so-called Special Working Group program to avail of housing loans.
Documents obtained by the Philippine Daily Inquirer showed that Globe Asiatique took out P7.031 billion for 9,951 housing loan accounts from the Pag-Ibig Fund from March 2008 to August 2010. The amount exceeded the P500-million annual cap that Pag-Ibig grants accredited developers.
The houses, it turned out, were not in the names of the “special buyers,” or the people who were paid to take out the loans. The contracts and titles were supposed to be amended to bear the name of the real buyers.
This scheme was reportedly hidden because it was Globe Asiatique that collected the amortization supposedly paid by the buyers. The scam was uncovered when many of the houses were found not to be occupied or were being used by other people and not the legitimate buyers.
Double selling
“The issuance of the warrants of arrest against Delfin Lee and his co-accused just shows that the law is on the side of the ordinary workers duped by Globe Asiatique,” said Vice President Jejomar Binay, chairman of the Housing and Urban Development Coordinating Council who also chairs the Pag-Ibig board.
“Globe Asiatique defrauded the ordinary workers who are contributors of Pag-Ibig Fund. The company defrauded hardworking citizens of Pampanga by selling property they already purchased legitimately to other buyers, a practice known as double selling,” Binay said.

As Clark becomes a popular holiday and vacation destination for Manila residents as well as tourists from nearby Asian cities, Clearwater Resort welcomes more and more guests to enjoy its outdoor facilities where family bonding takes place frequently. This is one of the good hotels in Pampanga that Manila residents choose to spend their holidays and vacations simply to relax and unwind away from the stress of living and working in a city like Manila. Clearwater appears frequently on the top of a list of the best hotels in Pampanga. This hotel in Clark is regarded by many Manila residents to be one of the best resorts in Pampanga for family bonding, retreats, vacation and holidays. This hotel in Clark is also a favorite holiday destination near Manila during Holy Week, Easter, Christmas and New Year holidays
Generally considered as a good place to stay in Angeles City and Clark Pampanga this famous resort hotel in Clark offers safe and secure outdoor facilities for small and large events like team building, wedding receptions, company outings, school field trips, picnics and retreats, generally regarded by event organizers as the best hotel in Angeles City Philippines. Among the resorts and hotels in Angeles City Pampanga, Clearwater is the only one that offers large space as well as a lake and several swim spots for the whole family to relax and enjoy the outdoors. Sometimes families living in Manila, Tarlac, Subic, Angeles City and Clark Pampanga come to Clearwater to hold parties for birthday and special occasions in this resort in Pampanga. A party near the lake or the beach is an unusual experience that visitors from Manila and Angeles City Pampanga look for when they hold their parties and events in Clearwater which is well known as one of the best resorts in Pampanga and Subic.

Comparison of crime rates between Philippines Angeles City and Clark Pampanga sheds light on the difference between the twin cities of Pampanga. Regular guests of Angeles City Hotels begin to migrate on base into hotels inside Clark Philippines not only for peace and quiet but peace of mind and a sense of safety and security.

To many visitors from Manila, a good hotel in Pampanga must be located in a city that is safe, clean and not so noisy. This hotel in Clark Philippines really fits those criteria.

Where to stay in Clark, Philippines?

Pampanga’s Clearwater is generally regarded as the best private resort in Clark, Philippines. This beach hotel is the most frequently visited private resort outside Manila for corporate planning because of its exclusivity. Clearwater is one of the best hotels in Clark. This resort in Pampanga is a very popular venue for rest and relaxation especially for golfers after a round of golf at one of the best golf courses near Manila. Clark is home to some of the best golf courses in Pampanga. Although golf continues to be one of the reasons why visitors from Manila travel to Pampanga, residents of Angeles City, Subic and Bulacan travel to Clark not just to play golf in one of the best golf courses in Pampanga but also to relax and unwind in the best resort in Philippines.

Good hotels in Clark Subic offers safe and secure outdoor facilities suitable for school field trips, company outings, team building, the best resort in Clark Pampanga for vacation and holidays away from Subic and Manila. This hotel in Angeles City Pampanga is near Manila so it is convenient to hold seminars and meetings in this accessible venue. This resort near Manila offers a special kind of experience and relaxing ambience that only a resort with large outdoor facilities can do.

Guests enjoy spending time relaxing in leisure at Frolic Garden of this hotel in Clark Pampanga. There is a special feeling in this hotel in Clark Philippines makes you slow down and enjoy the ambience. Children like playing in the Family Cove of this Clark resort hotel. Hotel guests prefer Clark over Angeles City, Subic or hotel in Manila. This hotel in Clark Philippines has style and character. Guests often come back again to relax and enjoy the beautiful ambience of this hotel in Clark Pampanga.

Many event organizers and company in-house planners are looking for a safe and secure event venue for team building as well as company outings, seminars and planning sessions near Manila. Angeles City Pampanga is near enough to Manila to be preferred as an out-of-town getaway destination provided that the event venue is safe and secure. Very often, Clark Freeport is preferred by participants not only because it is a very accessible destination for events and holidays but also because it is free of pollution and noise, making it one of the best locations for parties, functions and events in the Philippines.

For inquiries and bookings, Please click here to contact Clearwater Resort for inquiries and reservations now

Clearwater Resort and Country Club, Clark Pampanga
Creekside Road near Centennial Expo,
Clark Freeport, Pampanga Philippines 2023
(045) 889-5151 0917-520-4403 0922-870-5177
Joanne or Jeremy or Loydha

Getting to this lake and beach resort in Pampanga Angeles City Clark Philippines

After entering Clark Freeport from Dau and Angeles City, proceed straight along the main highway MA Roxas, passing the stand-along wine shop called Clark Wine Center on the right, continue to bear right making no turns at all, go past Mimosa Leisure Estate on the opposite side of the road, one will hit a major intersection. Go straight and the road becomes Creekside Road. YATS Clearwater Resort and Country Club is on the right just 200m down.

Family Bonding by the famous lake of Clark Pampanga

http://www.ClearwaterPhilippines.com

Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 Rea or Chay

Email: Inquiry@ClearwaterPhilippines.com

Please click here to contact Clearwater Resort to reserve a venue for your upcoming event now

Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:

http://www.PhilippinesWeddingVenue.com

While in Clark, it might be a good idea to enjoy an evening of wine-and-dine in the fine dining Yats Restaurant and Wine Bar that features an award winning 2700-line wine list. It is located in Mimosa Leisure Estate of Clark Freeport Zone. For more information, visit http://www.YatsRestaurant.com

YATS Leisure Philippines is a developer and operator of clubs, resorts and high-class restaurants and wine shops in Clark Angeles Philippines http://www.YatsLeisure.com

While in Clark, one might as well add to the itinerary a visit to the famous Clark Wine Center, the largest wine shop in Philippines which offers over 2000 selections of fine vintage wine from all wine regions, vintages spanning over 50 years covering all price ranges.
http://www.ClarkWineCenter.com

Looking for famous tourists spots, places to visit and see, relax and unwind in Clark, Pampanga, Philippines? You may want to check out these sites also:

http://www.LondonPubClark.com

http://www.HotelClarkPhilippines.com

http://www.ClarkPhilippines.com

http://www.YatsWineCellars.com

For jobs and business investment opportunities in the Philippines please visit http://www.yilp.com

Hot Line for what’s happening in Clark: 045 889-5151 or 0927-940-2669 ask for Loydha

0915-542-6250 (Jeramie)