24.9 C
Cagayan de Oro
Friday, September 22, 2023
HomeFront PageManhunt on against KAPA founder Joel Apolinario 

Manhunt on against KAPA founder Joel Apolinario 

GENERAL SANTOS CITY (MDN National News, June 17) – The National Bureau of Investigation reported that they are now tracing the whereabouts of Kapa founder Joel Apolinario, his wife and other officials to execute arrest.

Since the NBI raided companies and groups allegedly involved in “Ponzi schemes” no one has yet been arrested for violating government regulations.

Lawyer Regner Peneza, NBI district office chief in Sarangani, said they can arrest Apolinario “even without an arrest warrant” as they (Kapa) continue to violate government regulations by operating even with the government’s shutdown orders

President Rodrigo Duterte has also earlier said Kapa is allegedly doing a continuing crime and they must be stopped right away.

Preliminary Injunction

Duterte’s orders were also considered by Kapa as not according to the rule of law citing preliminary injunction they got from the court.

Danny Mangahas, Kapa spokesperson said since they have secured a preliminary injunction, the government should follow the law and not harass their members by executing massive arrests on Kapa offices nationwide.

“It is very clear my president that we have secured an injunction from the court and why harass us by raiding our offices? We will follow the law and we will not run from our obligations,” Mangahas claimed.

He challenge the Securities and Exchange Commission (SEC) to file cases in court so they can answer at the proper forum.

“I am challenging SEC to file cases in court. In this way, we can present our side and our proof that we are not a “scam company” that the government has been tagging us,” Mangahas said.


Aside from the Kapa Community Ministry, Inc., the National Bureau of Investigation also raided offices of other companies also tagged as using as a “Ponzi scheme” in their business.

Those raided were Rigen Marketing, Alamico and other groups allegedly offering investment schemes in Tagum City without securing a secondary license with SEC.     

During the raid, NBI operatives seized computers, printers, vital documents and undetermined amount of cash money in vaults. ###


Description: https://3.bp.blogspot.com/-GDKDHWZpfZU/XPc7glTHO5I/AAAAAAAAAiU/R1aBY4UGAb8XZhF9viC2RCaR0IFSr7dhwCLcBGAs/s1600/joel%2Bcalamba%2Bescol.jpg

Joel Calamba Escol is a journalist since 1991, author and all around person. He plays billiards, paints, does some comic illustrations, cartoons and likes watching CNN and AljazeraTV. He is also an SEO expert. When he’s not working, you’ll find him gaming and watching hard action movies. He’s a total sucker of news and current events. 

Follow him on Instagram, Facebook, and Twitter

Joel Escol
Joel Escolhttps://www.youtube.com/channel/UCK_sKdGFs0ewIh9R-iAskDg
Joel Calamba Escol is a journalist in the Philippines for more than 20 years. Currently, he is the Managing Editor of Mindanao Daily News, the biggest and most-widely read newspaper in Southern Philippines. He is also known as Noypi Vlogger in Youtube. You can follow him on the following social networking sites below.
- Advertisment -spot_imgspot_img

Most Popular

Recent Comments