NBI optimistic raps vs Kapa to be filed next week
The National Bureau of Investigation on Friday expressed optimism that formal charges will be filed against officers of Kapa Community Ministry International Inc. by next week.
“Iyung na-serve namin na search warrants last Monday definitely by next week naka-file na lahat yung corresponding case,” said NBI National Capital Region Regional Director Cesar Bacani.
President Duterte recently issued an order to shut down Kapa and other groups on Saturday for alleged involvement in investment scams.
According to the Securities and Exchange Commission, Kapa was running a Ponzi scheme in which existing investors are paid with funds from new investors.