Delfin Lee considered one of the most wanted in the country is finally arrested by the authorities. According to Chief Inspector Vanni Martinez, leader of the PNP-Criminal Investigation and Detection Group tracker team, the alleged mastermind in the Php.6.6 billion Globe Asiatique scam was nabbed in front of the Hyatt Hotel in Malate, Manila at around 6:45 p.m. Thursday, March 6, 20`4.

Delfin Lee is now under the custody of the PNP-Criminal Investigation and Detection Group (CIDG) headquarters at Camp Crame in Quezon City for processing.

According to the television report, the camp of Lee pursuing question in connection to the arrest since the Court of Appeals (CA) recently affirmed its decision to cancel the arrest warrant for syndicated estafa.

Btu according to the report, Globe Asiatique President Delfin Lee was still arrested because the Court of Appeals (CA) has denied his motion to lift the Hold Departure Order (HDO) due to the ground of Php6.6-billion syndicate estafa filed against him. But according to the report, the said Php6.6-billion estafa has been dismissed by the Court of Appeal

Associate Justice Franchito Diamante penned a three-page resolution explaining the reason why the CA’s former Special Fifteenth Division issued Hold Departure Order against Lee because the petitioner did not rise in his original petition. The petition brought before the appellate court was intended to nullify the estafa complaint and the arrest warrant issued against him by the Regional Trial Court of San Fernando, Pampanga. The said decision of the Court of Appeal was issued on November 7, 2013 in which, the Court of Appeal granted Lee the petition and allowing him to order the recall and lifting of the arrest warrant against him.

Among with Delfin Lee in the syndicate estafa is Cristina Sagun who was also involved in the controversial estafa case as an executive of Lees’ company but according to the report she was absolved by the Court of Appeal. During the clearing CA said that former head of GA’s documentation department can only be liable for simple negligence since she was neber privy to the use of ghost borrowers and face documents to obtain over Php6.5 billion in loans from Pag-IBI Fund in 2009.

According to the report, the P6.6-million syndicated estafa case stemmed from the alleged anomalous loans granted by Pag-IBIG Fund to “ghost borrowers” who supposedly bought homes in GA’s housing project in Mabalacat, Pampanga.