Kapa execs ask more time to refute charges
Kapa Community Ministry International Inc. founder Pastor Joel Apolinario and the controversial group’s other officers on Monday asked the Department of Justice for more time to file their counter-affidavits on accusations linking them to investment scam.
At the same time, lawyer May Divinagracia asked the DOJ to allow her clients to swear on their affidavits
before the Saranggani provincial prosecutor because of “threats to their security.”
Divinagracia however refused to give details on the alleged threats to the security of the respondents.
Kapa executives have been accused by the Security and Exchange Commission
of violating Section 26 of Securities Regulation Code prohibiting the so-called Ponzi scheme, an investment program that offers high returns and pays investors using the money contributed by other investors.
According to SEC, the respondents enticed the public to donate at least P10,000 in exchange for a 30 percent monthly “blessing” or “love gift”.
The commission added Kapa “amassed wealth through an investment scam in the guise of religion and at the expense of the investing public.”