The Philippine National Police (PNP) and the National Bureau of Investigation (NBI) raided various investment companies, including those connected to Kapa-Community Ministry International, all over the Philippines.
PNP Spokesperson Bernard Banac said on Tuesday, June 11, that the operations stemmed from the cease-and-desist orders issued by the Securities and Exchange Commission (SEC).
Banac said that they did not arrest anyone during during the raid of Kapa offices but authorities confiscated documents regarding their operations.
“Itong ginawang pagsalakay dito sa mga opisina ng Kapa ay base sa pinalabas na kautusan ng Securities and Exchange Commission at doon rin sa pag-basura ng korte sa temporary restraining na inapply ng sinasabing kumpanya,” Banac said during a press briefing.
Banac added that they continue to gather complaints and testimonies against Kapa but no one has yet admitted that he/she fell victim to the alleged investment scam orchestrated by Kapa.
“Ang panawagan natin sa lahat ng mga naging bahagi nitong investment scam na ito ay makipag-tulungan sa ating mga awtoridad,” the PNP official to the public.
“Maaring lumapit sa PNP or NBI para makapag-bigay tayo ng karagdagang salaysay at mas lalong tumibay ang mga kasong isasampa laban sa mga opisyales ng kumpanya na ito,” Banac added.
While they have not gathered enough testimonies and evidence, the spokesperson insisted that the cease and desist order of the SEC has enough basis for the PNP to continue their investigation against the unauthorized investment company.
He also clarified that they have garnered complaints against the illegal activities of Kapa but they have not yet been formally documented.
President Rodrigo Duterte, personally, called for the PNP and NBI to shut down the operations of Kapa, which he called a pyramiding scam, and syndicated estafa.