CITY OF SAN FERNANDO – Operatives of the Criminal Investigation and Detection Group arrested on Nov. 14 an incumbent city councilor and two others in an entrapment operation over alleged fraudulent sale of land titles and collection related to residential lots, several of which were reportedly in the name of state agencies.
Reported to have been arrested at the office of Kay-Land Real Estate Development Corp. in Barangay San Agustin were councilor Racquel “Kay” Pineda, Rebecca Cala and Analyn Pascual, officers of the said realty company.
The entrapment operation was reportedly prompted by complainants alleging that Pineda and her cohorts were allegedly selling lots in Mexico, Pampanga that turned out to belong to other owners or found to be acquired assets of Pag-IBIG Fund, or were registered under the Development Bank of the Philippines and other entities.
“The respondents allegedly represented that the subject properties were legitimately owned by or lawfully disposable by Kay-Land and were available for sale, prompting the complainants to enter into separate transactions and deliver substantial amounts of money through cash payments, checks, bank deposits, and other payment arrangements,” a CIDG report showed.
Attempts to get the side of the councilor were not returned as of posting time. Punto News Team/With media reports
