“The Secretary of Justice earlier today issued an ILBO against eight incorporators and eight officers of KAPA Community Ministry International Inc. and three officers of Alabel-Maasim Credit Cooperative ,” said DOJ spokesman Undersecretary Mark Perete on Friday.
The Kapa officers ordered placed in the ILBO are Kapa founder Joel Apolinario, Nonita Urbano, Junnie Apolinario, Nelio Nino, Maria Pellea Sevilla, Jouelyn Del Castillo, Cristobal Barabad and Joji Jusay, Reyna Apolinario, Modie Dagala, Benigno Tipan Jr., Marnilyn Maturan, Ricky Taer, Joji Tusay, and Margie Danao.
Acting on the directive of President Rodrigo Duterte, the National Bureau of Investigation , the Philippine National Police and the Securities and Exchange Commission this week conducted a nationwide crackdown against the entities engaged in alleged investment scams in violation of Section 8 and 26 of the Securities Corporation Code of the Philippines.