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Showing posts with the label Pag-IBIG Fund

Warrant of Arrest: How it is Issued?

With the recent hullabaloo in Delfin Lee's arrest, the issue on whether or not the standing warrant of arrest issued against him is still valid or not is now occupying a significant space in the news today. Delfin Less is, the owner of the property developer Globe Asiatique Realty Holdings, one of the accused of syndicated estafa involving a - P 6.5 Billion Peso loans from Pag-IBIG Fund in 2009.  In this connection a warrant of arrest was issued by the court for the arrest of Delfin Lee.  On May 22, 2012, Judge Maria Amifaith Fider-Reyes of Branch 42 of Pampanga Regional Trial Court issued a warrant for the arrest of Lee, his son Dexter and three officers of Globe Asiatique for syndicated estafa, a nonbailable crime, in connection with two housing projects in Pampanga province (http://newsinfo.inquirer.net/582957/fugitive-magnate-delfin-lee-falls). From the time the warrant of arrest was issued, Lee has been a fugitive from justice, evading his arrest. However...