NBI sues DavSur Board and Kapa media coordinator for resuming investment scheme despite SEC orderPosted on
DAVAO CITY — The National Bureau of Investigation (NBI) 11 sued on Thursday has filed charges of large scale estafa against Davao del Sur Board Member and Kabus Padatoon (Kapa) media coordinator, for reportedly resuming the operations of the investment scheme despite the cease and desist order issued by the Securities and Exchange Commission (SEC).
Joel Ayop, NBI XI spokesperson and special investigator said they filed the case against Arvin Malaza, known as Jun Blanco on September 19, before the Davao del Sur Provincial Prosecution Office on Thursday, September 19,
According to Ayop, they have sufficient evidence and documents signed by Malaza to prove that he managed to resume the operations of Kapa Community Ministry International Inc., in the province despite the SEC order.
Blanco was charged for violating Republic Act 8799 The Securities Regulation Code, large scale and syndicated Estafa.
The NBI arrested Malaza on Wednesday afternoon after he questioned the legality of the entrapment operation inside the office Kapa located at corner Magsaysay and Mabini Streets in Digos City.
Ayop emphasized “Jun Blanco (Malaza) was there to intervene on our operation,” but he was not the subject of the NBI operation.
The NBI operatives were validating reports on the alleged resumption of Kapa since they received information that the group is again accepting “Pay-in” but Malaza intervened which gave the operatives the idea that he was behind the resumption of Kapa in Davao del Sur.
Ayop said the radio station owned by Malaza is also within the compound of Kapa office in Digos City.
Malaza earlier admitted questioning the legality of the NBI operation which he believed resulted to his arrest, but still, he denied hand in the resumption of Kapa in Davao del Sur.-Armando B. Fenequito Jr.