shut down Surigao del Sur-based religious corporation Kapa-Community Ministry International Inc. and other groups for alleged involvement in investment scams.
“Kayong mga CIDG, kayong pulis – the special investigating teams there… pati NBI ) that is pyramiding,” Duterte said in an interview over Pastor Apollo Quiboloy’s program “Give Us This Day.”Kapa, a Surigao del Sur-based religious corporation, was allegedly soliciting investments from the public by encouraging them to “donate” any amount in exchange for a 30 percent monthly return.READ:
The SEC also advised the public to avoid Davao-based Rigen Marketing, which is also allegedly soliciting investments with promises of high returns in a short time.“Biro mo yung P100,000 will earn P30,000 a month?! Yung Bangko Sentral nga, di mabigay tres lang na porsyento,” the President added. “Annually ha?!”
“Walang tao dito, walang bangko yung maski Bank of America can afford to pay you P30,000 every month for your P100,000,” Duterte added.
Source: News Formal (newsformal.com)
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