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Fugitive Delfin Lee captured in Malate

AFTER being on the run for two years, property developer Delfin Lee was arrested Thursday evening for syndicated estafa over P7 billion worth of housing loans granted to non-existent borrowers, the police said.

The fugitive businessman, the subject of a warrant of arrest since May 2012, was nabbed around 6:45 p.m. outside a hotel in Malate, Manila by a police task force of the Criminal Investigation and Detection Group.

Lee
Lee, Globe Asiatique president, was arrested even as the Court of Appeals maintained that Lee cannot travel abroad in spite of the dismissal of the syndicated estafa charges against him. (Related story on A3).

The Court of Appeals absolved Lee in November last year and ordered authorities to stop the arrest of the property developer because “for estafa to have been committed by a syndicate, the act must be committed by five or more persons.”

But Justice Secretary Leila de Lima argued that the arrest order was not lifted and was not yet final and executory.

 

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