SEC: Complaint ‘defective’

SECURITIES and Exchange Commission (SEC) Chairman Emilio Aquino described as “defective” the complaint filed before the Supreme Court by a group of donors of the controversial Kapa-Community Ministry International Inc.

The Supreme Court received the complaint filed by the Rhema Int’l Livelihood Foundation or Cirfund on June 21, 2019. Cirfund described itself as a donor to Kapa.

Named in the complaint are President Rodrigo Duterte and Aquino as private respondents. It further named heads of the police, Criminal Investigation and Detection Group, National Bureau of Investigation, SunStar Cebu and Rappler as public respondents. SunStar and Rappler are private media entities.

The complaint sought the impeachment of Duterte, who ordered the SEC to shut down Kapa because it is supposedly an investment scam. The petitioner also asked for P3 billion in damages from Duterte and Aquino.

Aquino said in an interview aired over radio dzMM in Manila Tuesday, “On the face, makikita na natin na maraming defects.” (We see many defects of the lawsuit.)

He said he and the President were named private respondents. They are public officials. Its call for the President’s impeachment, he added, should be addressed to the House of Representatives, not the Supreme Court.

The 20-page petition asked the Supreme Court to “now squarely confront this constitutional issue of transcendental ramifications on our national life, and slay the giant gargantuan monster hiding in a muddy murky water waiting for an opportunity to attack innocent victims passing by and as clear as the blue sky due to their success of Kapa..., Cirfund will be the next target of those malfunctioned government system headed by the ‘Godfather’ Duterte.”

The SEC ordered a stop to Kapa after its members posing as investors received payouts. Kapa’s lawyer Al Vitangcol earlier issued denials that ministry members were promised a 30-percent return for their donations. He said what they got were “blessings.” (NBC)


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