REFORMS in the Home Development Mutual Fund (Pag-IBIG) have ensured there will not be a repeat of the housing scam discovered in 2010 and members will enjoy more benefits, according to Vice President Jejomar Binay.
The Vice President, speaking at the National Capital Region Developers’ Forum on Wednesday, was referring to developer Globe Asiatique, which Pag-IBIG found to be allegedly using fake documents and ghost borrowers to secure P6.6 billion in loan from the mutual fund.
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