— President Rodrigo Duterte has ordered the closure of Kapa Community Ministry International for allegedly collecting illegal investments in the guise of religion.
” Ito kayong mga Pilipino, ilang beses ko na kayong sinabihan na, pag ang – what is being promised to you, is something like heaven, walang bangko dito or maski Bank of America can afford to pay P30, 000 every month for your P100, 000 investment , ” Duterte explained. “Ang problema, just like the Legacy and everything, at the end of the day, yung tao walang makuha, ” he said.
Last February, the Securities and Exchange Commission issued a cease and desist order after receiving reports about the intensified recruitment and solicitation activities of KAPA through social media.
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