HUDCC calls Globe Asiatique’s latest move ‘desperate’ | Inquirer Business

HUDCC calls Globe Asiatique’s latest move ‘desperate’

/ 11:29 AM August 13, 2012

Chairman & President of Globe Asiatique Realty Holding Corporation. INQUIRER FILE PHOTO

Manila, Philippines – A “desperate” act was how the Housing and Urban Development and Coordinating Council (HUDCC) described on Monday the alleged attempt by Globe Asiatique lawyers to try and talk unit buyers into suing Pag-Ibig.

“It’s a desperate move by desperate fugitives. It is unfortunate that they continue to prey on the common people who have poured their lifetime savings in order to acquire their homes,” HUDCC Deputy Secretary General Atty. Daniel Subido said in a text message forwarded to by Joey Salgado, spokesperson for the Office of the Vice President (OVP).


The Philippine Daily Inquirer reported Sunday that lawyers of Globe Asiatique owner Delfin Lee, led by Willie Rivera,  met with the complainants and condominium unit buyers and distributed to them a letter, stating that the realty firm would desist from further action against them should they sign a prepared affidavit against Pag-Ibig.

The prepared affidavit with the names of the complainants on it accusing Pag-Ibig or the Home Development Mutual Fund (HDMF) of giving wrongful advice, the report said, was attached  to the letter.


“The VP will not let this happen,” Salgado said, referring to Vice President Jejomar Binay.

Binay, also the chairman of the Pag-Ibig Board of Trustees, has directed Housing and Land Use Regulatory Board (HLURB) to broaden the scope of its cease and desist order (CDO) against Globe Asiatique.

The Vice President likewise ordered Pag-Ibig to issue certifications to complainants, signifying that it had jurisdiction over the GA property.

Lee, his son Dexter, and other company have been the subjects of warrants of arrest and have been charged with fraud after unit owners of the GA 2 Tower unit in Mandaluyong City complained of double selling by Lee and its realty company.

The unit owners received notices of cancellation of their contracts eviction after they stopped payment of their amortization when they found out that the units were not in their names and had been sold twice.

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TAGS: Globe Asiatique, housing, HUDCC, Vice President Jejomar Binay
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