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Duterte wants Kapa Ministry shut down, amid fraud allegations

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ABS-CBN News

MANILA—President Rodrigo Duterte on Saturday ordered authorities to shut down religious corporation Kapa-Community Ministry International over allegations it is involved in an investment scam.&quot;Ito, it is a continuing crime. So arrest them and investigate it,&quot; Duterte said in a televised interview.&quot;Kayong mga CIDG, kayong pulis, the special investigating teams there, the NBI, that is pyramiding . . . That is why NBI, sirahan mo na sila (shut them down) at dalhin mo doon sa (courts) upon my orders.&quot;The CIDG is the Criminal Investigation and Detection Group.Duterte said he has warned the public several times to be cautious.&quot;When it is good to be true, it is fraud. Biro mo &#x27;yung P100,000 mo would earn P30,000 a month? Ni bangko na &#x27;yung Banko Sentral natin magbigay, 3 lang porsyento,&quot; he said.&quot;Eh ito, kayong mga Pilipino, ilang beses ko na kayo sinasabihan? What is being promised to you is something like heaven, walang tao dito, walang bangko, maski &#x27;yung Bank of America can afford to pay you P30,000 every month for your P100,000.&quot;The Securities Exchange Commission in <a href="http://www.sec.gov.ph/kapa-community-ministry-international-inc-2/">March said</a> the cease and desist order it issued against Kapa &quot;remains effective and still valid,&quot; amid reports it has secured a temporary restraining order.&quot;Hence, the public is hereby warned to be cautious in dealing with the above-mentioned KAPA and its allied entities, particularly in investing their money with said entities,&quot; it said.

Duterte has ordered authorities to shut down religious corporation Kapa-Community Ministry International over allegations it is involved in an investment scam.

Duterte has ordered authorities to shut down religious corporation Kapa-Community Ministry International over allegations it is involved in an investment scam.