The Securities and Exchange Commission (SEC) said the Regional Trial Court of Bislig City has ordered the arrest of Kapa-Community Ministry International’s (KAPA) founder, key officers and promoters for the investment fraud charges initiated by its offices.
Issued with warrants of arrest were KAPA founder and president Joel A. Apolinario, trustee Margie A. Danao and corporate secretary Reyna L. Apolinario, along with promoters Marisol S. Diaz, Adelfa Fernandico, Moises Mopia and Reniones D. Catubigan.
“The warrants of arrest were issued after prosecutors at the Department of Justice (DOJ) filed criminal charges against KAPA for violations of Republic Act No. 8799, or the Securities Regulation Code (SRC),” the SEC said.
In separate informations, the DOJ has accused KAPA of “willfully, unlawfully and criminally” engaging in the selling or offering for sale or distribution of securities in the Philippines without a registration statement duly filed with and approved by the SEC.
“Accordingly, the DOJ charged KAPA, along with Mr. and Mrs. Apolinario and Danao, of violating Sections 8(8.1), 26.1 and 28 of the SRC. It also indicted Diaz, Fernandico, Mopia and Catubigan for violation of Section 26.1 of the SRC for promoting the investment scam,” the SEC said.
“The DOJ further charged Diaz before the Antipolo Regional Trial Court for violation of Section 28. It filed similar Informations against Mopia and Fernandico with the Quezon City Regional Trial Court Branch 93,” it added.
The Quezon City Regional Trial Court issued warrants of arrest against Fernandico and Mopia in December 2019.
