THE National Bureau of Investigation (NBI) and the Criminal Investigation and Detection Group (CIDG) continue to serve the search warrant released by the Regional Trial Court (RTC) Branch 20, Court of Manila against fast money and investment schemes in the region.
On Monday, June 10, the offices of Rigen Marketing in the region including in Tagum City were raided by the authorities where several sets of evidence were recovered.
After serving the warrant, Rigen Marketing was ordered to be temporarily closed until they comply with all the requirements set by the government.
The CIDG-Davao City Field Unit (DCFU) also served the search warrant against Organico Agribusiness Venture located at Bolton Street, Davao City Tuesday morning, June 11.
CIDG-DCFU head Police Major Milgrace Cajes Driz said they will strictly implement the operation once they received the warrant.
Joining the CIDG-DCFU during the serving of the warrant are Securities and Exchange Commission (SEC)’s lawyer Oliver Leonardo together with the barangay officials and members of the media.
“CIDG-DCFU personnel with the presence of Barangay official and the media implemented Search Warrant No. 19-29577 issued by 1st Vice Executive Judge RTC Branch 20, Manila dated June 7, 2019 against Organico Business Venture for violation of Section 8.1 in relation to Section 73 of RA no. 8799 otherwise known as Securities Regulation Code,” Driz’s said in statement.
At present, authorities are preparing the sets of evidence against Organico to be submitted to the national office.
“The CIDG-DCFU has strengthened its force and implemented the order of President Rodrigo R Duterte against investments scheme existing in Davao region. We are urging the public not to patronize this too good to be true investment scheme that promises heaven in return, we are enforcing this law to protect the people’s right and their interest as to the validity and the legal aspect of this investment scheme offered by this company,” DCFU’s statement read.
Meanwhile, Davao City Mayor Sara Duterte-Carpio said investment schemes cannot operate in the city especially if they have no permit.
“Sa Davao, pag walay permit hindi talaga namin ina-allow so they first get their permits from the regulatory office and they apply sa Business Bureau natin. Kung hindi pa-complete, hindi i-allow na mag-operate (In Davao City, you are not allowed to operate without a permit. They should get a permit from the regulatory office and then apply at the Business Bureau),” Duterte-Carpio said yesterday.
The series of operation in the region will continue on June 13 and in the following days, according to the report.