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Binay challenges CA decision dismissing estafa vs Globe Asiatique exec

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Vice President Jejomar Binay. INQUIRER FILE PHOTO

MANILA, Philippines—Vice President Jejomar Binay on Thursday ordered housing lawyers to file a motion for consideration before the Court of Appeals following its decision to dismiss the syndicated estafa case against one of the executives of Globe Asiatique (GA).

“We will pursue our fight for justice for the ordinary Filipino workers who have been victimized by Globe Asiatique. We are confident the CA will reconsider its decision,” said Binay, who also chairs the Housing and Urban Development Coordinating Council and the Board of Home Development Mutual (Pag-IBIG) Fund., in a statement Thursday.

In an October 5, 2012 decision, the appeals court’s Special 10th Division cleared Cristina Sagun, former head of Globe Asiatique documentation department, of liability in the syndicated estafa case, citing lack of evidence. Sagun, along with GA owner Delfin Lee and three others, were charged with the graft raps after the realty firm was found allegedly using “ghost borrowers” and “fake documents” to obtain more than P6.5 billion in loans from Pag-IBIG.

Meanwhile, HUDCC Assistant Secretary Danilo Subido, in a separate statement, called the CA decision a “hollow victory” for GA, saying that the Pampanga Regional Trial Court had already issued arrest warrants for the five accused.

“That is a hollow victory because the RTC Pampanga, which has jurisdiction of the case, has already ruled that there is probable cause against all accused, including (Christina) Sagun,” Subido said.

“The court has also issued warrants of arrest and just recently denied the accused of the motion to recall warrants and quash information against all of them,” he added.


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Short URL: http://business.inquirer.net/?p=86652

Tags: Cristina Sagun , Delfin Lee , estafa case , Globe Asiatique , Jejomar Binay

  • Bandwagon88

    In an October 5, 2012 decision, the appeals court’s Special 10th Division cleared Cristina Sagun, former head of Globe Asiatique documentation department, of liability in the syndicated estafa case, citing lack of evidence. Sagun, along with GA owner Delfin Lee and three others, were charged with the graft raps after the realty firm was found allegedly using “ghost borrowers” and “fake documents” to obtain more than P6.5 billion in loans from Pag-IBIG. – ang sabi sa decision, the accused are ALLEGEDLY using “ghost borrowers” and “fake documents” TO OBTAIN more than P 6.5B in loans. Ibig sabihin, wala pang napapatunayan sa mga bintang dito. I am not favoring GA here, I am just dissecting what is written in the decision. 

  • http://pulse.yahoo.com/_WIWYLFLU4LPKS7B2ZLLRVFKS3Y vir_a

    Binay will use this issue to gain votes. The housing industry especially the poor sector can bring him huge votes if he continues to whip the same guys who now seem to have the better side of the law. He does not realize however that what he is doing might boomerang him. More people may come out to expose also skeletons in his closets which will be exploited by political adversaries.

  • http://pulse.yahoo.com/_FOPMU3EOVKFANYIWAADV7EZAXU Divina Wind

    Iyong self-serving kurakot from Makati- PAG-IBIG CHAIRMAN? Very scary and very stupid appointment. But, I’m not surprised because P-Noy campaigned quietly and secretly for Binay in Pangasinan, Tarlac, and Pampanga (just to name a few) when the latter ran for Vice-President.(In politics, trust is rare, betrayal is so cheap.)

    If Binay sees someone like himself, he knows it.

  • http://twitter.com/Borogol Borogol

    Delfin and Divine… must find them…

    unahin nyo na yung “socialite”, madali naman hanapin yun thru close friends..

  • GMMTC11

    Huwag ka nang magreklamo Binay e gusto mo ring madismiss ang investigasyon sa asawa mo sa Makati. E normal pa nga lang na audit sigaw kaagad parang may tinatago din.

  • pilipino

    Na-dismiss? Magkano kaya ang ginastos ni Delfin Lee para mapa-dismiss ang kaso?

  • mark1205

    Justice is very hard to find in our country if you are convicting the rich. tsk2..



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