Properties & Bank Accounts Linked To KAPA Frozen
KAPA-linked bank accounts and the properties linked are currently frozen.
Currently, one of the widely-talked about issues in the Philippines is about KAPA Community Ministry International Incorporated. It is a religious organization that is accused of running an investment scam.
Amid the issues surrounding the religious group, President Rodrigo Roa Duterte has previously ordered for its shut down. Also, the President apologized to those who fell as victims of the group.
The members of the group are currently calling for the President to re-consider his closure order. Amid the issues, an update recently crossed the surface.
Based on a recent social media post on the Twitter page of CNN, the Court of Appeals frozen the properties and bank accounts linked to KAPA.
The decision of the CA is prompted by the request of the Securities and Exchange Commission (SEC) following the order of Pres. Duterte to shutdown groups who have involvement in pyramid schemes.
Also, based on the post, the officers of the religious organization accused of running an investment scam are under immigration lookout. The officers are monitoring their entry and exit.
Here’s what the Department of Justice stated in a statement:
“Immigration officers are directed to monitor within all ports of exit and entry the movement of those covered and verify if legal basis exists to prevent them from leaving Philippine jurisdiction.”
As of this writing, there are still no further information over the matter. We’ll keep you posted for updates.
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