Pag-IBIG dared to file case vs Globe Asiatique; Fund not yet off the hook
By Angie M. Rosales 10/08/2010Officials from Home Development Mutual Fund, popularly known as the Pag-IBIG Fund, face possible gross negligence while Globe Asiatique Realty Corp. Inc. could be held liable for falsification and estafa, if it cannot disprove charges of alleged “ghost borrowers,” currently the center of controversy in the P7-billion housing loan mess.
Pag-IBIG executives yesterday found themselves at the receiving end of intense grilling from Senate probers, during the initial public hearing on the matter conducted by the committee on banks, financial institutions and currencies chaired by Sen. Sergio Osmeña III.
Senate President Juan Ponce Enrile challenged Pag-IBIG Fundofficials to file falsification charges against Globe Asiatique (GA) for allegedly making accounts of hundreds of questionable buyers just to get some P7-billion loan.
“Pag-IBIG should file falsification case against this guy,” Enrile said, referring to GA chairman and president Delfin Lee who attended the Senate inquiry into the alleged irregularities in the housing loan transactions between Pag-IBIG and GA.
“I challenge you to file falsification case against him so that he can be examine in the court and we will punish him,” the Senate leader added..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/headlines/20101008hed4.html
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