Assistant State Prosecutor Maria Lourdes Uy, who is conducting the preliminary investigation of the complaint filed against Kapa, made this assurance after the NBI manifested its intention to file a reply to the counter-affidavits of the respondents.On the other hand, Uy revealed that not all of the respondents have filed their respective counter-affidavits including Joel Apolinario and his wife Reyna as of 1 p.m. Wednesday .
In its complaint, the NBI accused Kapa of having committed five counts of violations of Sections 8 and 26 in relation to 73 of the Securities and Regulations Code , and eight counts of syndicated estafa as defined and penalized in Presidential Decree 1689. “The modus/scheme of KAPA is basically solicitation of money/investment from the public in the guise of ‘donation’ with a promise of perpetual monthly interest equivalent to 30% return/interest in the guise of ‘blessings’,” read the complaint.
“KAPA is an organization/corporation that sells and/or offers security/investment contracts to the general public without authority and license from the Securities and Exchange Commission,” the complaint stated.