Pag-IBIG asks court to dismiss GA complaint

The Pag-IBIG Fund had asked a trial court to dismiss for lack of merit a civil complaint filed by Delfin Lee of Globe Asiatique, who is facing the non-bailable offense of syndicated estafa for allegedly defrauding the agency of more than P6 billion.

In a quieting of title case recently filed in Angeles City, Pampanga, Lee claimed that Pag-IBIG Fund improperly transferred to its name titles to GA’s properties. While GA admits that it assigned these properties to Pag-IBIG Fund by way of Deeds of Assignment, it insists that the transfer of the titles in the name of Pag-IBIG Fund is illegal in the absence of a prior demand on GA.