BSP belies approval of KAPA’s investment scheme
Credit to Author: The Manila Times| Date: Wed, 28 Aug 2019 05:59:09 +0000
THE central bank has belied reports that it approved the investment scheme of controversial religious group KAPA Community Ministry International (KAPA).
“The Bangko Sentral ng Pilipinas (BSP) advises the public that it has not released any statement or any issuance concerning the Kapa-Community Ministry International Inc. or any of its affiliates,” it said in a public advisory released on Wednesday.
The BSP said its advisory was meant to clarify reports particularly, on social media, falsely claiming that it has issued a statement purportedly approving KAPA’s investment scheme or questioning delays on its approval by the Securities and Exchange Commission (SEC).
“KAPA is not a BSP-supervised entity,” it stressed. MAYVELIN U. CARABALLO