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Senate subpoenas Globe Asiatique exec in housing probe 12/07/2010

Tuesday, December 7, 2010

Senate subpoenas Globe Asiatique exec in housing probe

12/07/2010
The “right to remain silent” of one of the key players in the multibillion-peso housing mess involving the Pag-IBIG Fund will not work as far as the Senate is concerned.

The Senate committee on banks, financial institutions and currencies yesterday issued a subpoena ad testificandum against Globe Asiatique Realty Holdings Corp. president Delfin Lee, ordering him to appear and testify before the panel on the resumption of its inquiry on Dec. 9.

Failure to comply will cite Lee in contempt, it was gathered yesterday.

“You are hereby commanded to appear and testify under oath in the public hearing of the Senate committee on banks joint with the committee on urban planning, housing and resettlement,” Sen. Sergio Osmeña III, banks committee chairman said in the signed order duly-approved by Senate President Juan Ponce Enrile.

Lee, through his counsel, the Fortun Narvasa and Salazar law firm, earlier sent a letter to Osmeña saying he would not attend the previous hearing, claiming that “because of the pendency of the criminal case for syndicated estafa recently filed by Pag-IBIG and the National Bureau of Investigation against him, he (Lee) has no option but to refrain from speaking further on the issue and simply answer the accusations against him before the Department of Justice.”.... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/headlines/20101207hed5.html

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