By Jeffrey Damicog
The National Bureau of Investigation (NBI) hopes to file before the Department of Justice (DOJ) by next week criminal complaints against Kapa Community Ministry International over its alleged involvement in an investment scam.
The NBI eyed the timeline in the filing of the cases after conducting last Monday a nationwide raid of the religious group’s offices armed with search warrants.
“Basta yung na-serve namin na search warrants last Monday definitely by next week naka-file na lahat yung corresponding case (With regards to the search warrants which were served last Monday, we will definitely file cases by next week),” said NBI National Capital Region (NBI-NCR) Regional Director Cesar Bacani told reporters Thursday.
NBI operatives were able to seize during the raids various documents, records, books, and equipment which will be used in the filing of the cases.
Bacani said the respondents in the complaints will include those named in its registration, the incorporators, the board of directors, officers, and other persons who were not named therein but actively participated in the said operation.
NBI spokesman Deputy Director Ferdinand Lavin noted that the raids were conducted in response to the directive of President Rodrigo Duterte to shut down Kapa.
“We should be thankful we have a very smart President. Pre-emptory move ito (This is a pre-emptive move),” Lavin said
“Kadalasan dito we would come into the picture as a reactionary move (Most of the time the NBI would come into the picture as a reactionary move),” he noted.
Lavin said there were similar investment scams in the past but the NBI would then only act once the victims filed complaints.
Though none of Kapa’s members have filed complaints against it, Lavin said the NBI acted based on the complaint of the Securities and Exchange Commission (SEC) which accused Kapa of having no license and authority to receive investments in violation of Section 8 and 26 of the Securities Corporation Code of the Philippines.
Lavin added that this is the reason why the SEC canceled Kapa’s certification of registration.
Under Kapa’s scheme, members are asked a minimum of P5,000 in donations from which they can earn a monthly interest or “blessing” of 30 percent.
Bacani said this will eventually blow up in the faces of the members since there is a daily P100 million payout for the interests and no source of earnings for the investments given by its around 5 million members.
He noted that the SEC and NBI also discovered that Kapa was also making investments.
“Hind kayang I-sustain ng sinasabing business na yun na Ige-generate na interest na dapat ibigay nila roon sa kanilang mga investors or donors (But these businesses are not enough to generate income to pay off the interests of their investors or donors),” Bacani pointed out.