Real estate magnate Delfin Lee arrested

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Delfin Lee, one of the country’s top fugitives, was arrested on Thursday in connection with a multibillion—peso housing scam

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Lee, who  headed the real estate property developer Globe Asiatique, was arrested at a hotel in Ermita, Manila, and taken to the Philippine National Police headquarters in Camp Crame, according to reports.

Lee, who has a P2 million bounty on his head, is accused of faking documents to obtain billions of pesos worth of loans for non-existent borrowers.

 

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