MANILA, Philippines – The National Bureau of Investigation (NBI) is preparing the charges to be filed against the executives of the religious organization Kapa Community Ministry International, the group allegedly behind the largest investment scams in the country.
“We are preparing the appropriate complaint against the founder and other officers of Kapa,” said Atty. Antonio Pagatpat, NBI’s Deputy Director for Operations Service.
Those involved in the said investment scam may face charges for large-scale estafa.
The NBI has raided 14 Kapa offices through search warrants issued by the Manila Regional Trial Court Branch 20 for violating Sections 8 and 26 of the Securities Corporation Code of the Philippines.
The offices were located in Taytay, Rizal; San Geronimo in Bagbag, Nueva Viscaya; in Compostella Valley and in Cebu.
The agency also raided the house of the group’s founder, Joel Apolinario in Saranggani province.
The NBI said they have not arrested any member of the group but they have confiscated several documents, records, books and equipment.
“Wala tayong na-arrest dahil (No arrests have been made yet because) when our teams reached all offices of Kapa, they were already non-operational, closed. But we were able to seize some vital evidence,” Pagatpat said.
NBI agents were also able to recover cash amounting to P2.2 million and P300,000 from two different Kapa offices.
Based on the NBI’s initial investigation, the leaders of the controversial group were allegedly collecting donations amounting to P5,000 under 30% interest rate per member.
For its part, the group assured to cooperate with the investigation of authorities regarding the controversy. (with reports from April Cenedoza)
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