PNP, NBI team up to dismantle ‘Kapa-like investment scams’
Credit to Author: Tempo Desk| Date: Mon, 17 Jun 2019 08:56:13 +0000
The Philippine National Police is teaming up with the National Bureau of Investigation and Securities and Exchange Commission to dismantle the operations of investment companies and corporations allegedly involved in investment scams.
In a press briefing in Camp Crame, Quezon City yesterday, Police Gen. Oscar Albayalde, PNP chief, said that educating the public is a must to strengthen their campaign against pyramiding companies.
“Isang napakaimportante po dito ‘yong awareness at education ng ating mga kababayan and the closure of the different companies involved,” Albayalde said.
Police Brig. Gen. Ferdinand Divina, deputy director of the Directorate for Intelligence, said the PNP, NBI, and SEC have implemented a total of 12 search warrants against various corporations and companies that operate like the Kapa-Community Ministry International Inc.
President Duterte had earlier ordered the closure of investment companies which are allegedly involved in pyramiding, including the Surigao del Sur based-Kapa.
“There were several search warrants, five from the Criminal Investigation and Detection Group and seven from the NBI and these were conducted in a number of regions, namely Regions 7, 8, 11, 13, and also one in Region 2. So makita ninyo na nationwide ‘yung kinonduct natin because this is really a concern,” Divina said.
The subject of search warrants, according to Divina, were the Organico Agribusiness Ventures Corp. based in Cebu City; Ada Farm Agriventures in Mandaue City, Cebu; Rigen Marketing, and Ever Arm Any Marketing.
According to Albayalde, the companies and corporations were allegedly luring unsuspecting victims to invest money with a promised return of 15 to 400 percent interest within a month.
“Kahit sino, kahit pumunta ka sa SEC saka sa DTI or kung saan ka magtanong, even a businessman would say that’s quite impossible, to provide 15 to 400 percent interest monthly at that sa perang ii-invest mo,” he stated. (Martin Sadongdong)