DAVAO City Mayor Sara Duterte-Carpio reminded the public that she and her father, President Rodrigo Duterte, are not involved in any activities of the Kapa Community Ministry International, Inc. (Kapa), and will file legal actions against its members who are using their name.
“Personally, I can assert my legal rights against them, provided that I have witness to those people who have been using my name,” Duterte-Carpio said on Thursday, March 14, during a press conference at the City Mayor’s Office.
Duterte-Carpio reiterates the cease and desist order issued by the Securities and Exchange Commission (SEC) against Kapa last February.
Meanwhile she said, “I think it’s best that the Office of the President should issue an official statement, that the president is not part nor participating or engaged in the activities of Kapa.”
During the press conference, a member of the media reported that Kapa members in General Santos City have been using her name in their transactions.
However, Sara said she has yet to review the SEC order, as to what extent the local government unit can do.
“The city government can assist SEC. They can utilize the LGU records if business is concerned,” Duterte-Carpio said.
The mayor said she respects individual’s means of investing their money.
“The city government has also the right to warn people on what are the possibilities that would happen if people would invest in these kind of schemes,” she said.
The organization, founded by Joel Apolinario, was registered as an Independent Religious Corporation on March 4, 2017. It has enticed some investors for its KAPA Kabus Padatuon (enrich the poor) program.
The Enforcement and Investor Protection Department (EIPD) of the Commission ordered the petition for revocation of Kapa’s Certificate of Incorporation which means that Kapa will be refrained from selling and/or offering for sale of securities with a promise of a 30 percent return of investment monthly.