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CHILDREN’S GAMES, HOOPS CAMP IN PADADA, TALOMO
IT ’S A FRAUD
SPORTS P11
VOL.12 ISSUE 65 • SUNDAY-MONDAY, JUNE 9-10, 2019
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Duterte on Kapa, others: Shut them down and haul them to courts
P
resident Rodrigo Duterte has ordered the National Bureau of Investigation (NBI) and other government agencies to shut down investment schemes that are proliferating, mainly in Southern Mindanao, for conning people of their hard-earned money. Interviewed by his friend Pastor Apollo Quiboloy, Duterte said the activities of these investment schemes, including the Kapa Community Ministry International, are clearly a form of estafa. Several investment schemes have sprouted in Southern Mindanao and have reportedly been branching out to as far as Luzon in recent days. These include Kapa, headed by Joel Apolinario, which promises a 30 percent “love gift” each month. Some schemes, such as the Tagum City-based Rigen Marketing, Jogle and Ever Arm, even promise a return of up to 500 percent. In the interview, Duterte said the NBI should immediately put a stop to these schemes. “To the CIDG, the
police, the special investigating teams, including NBI -- that is pyramiding. That is why you shut them down and haul them (to courts) upon my orders,” he said. The CIDG is the Criminal Investigation and Detection Group. The President said he has been telling people that “when it is too good to be true, it is fraud. “Imagine, your P100,000 earns P30,000 a month? Even our Bangko Sentral can only give 3 percent, and that's annually. I have been telling the Filipino people that if what is being promised to you is something like heaven (it's fraud),” he added. Duterte said the reality is that “no bank, even the Bank of America, can afford to pay you P30,000 a month for
IT’S A FRAUD, P8
EMBRACE. President Rodrigo Roa Duterte embraces his grandson, Omar Duterte, who is among the guests during the 2019 Eid'l Fitr Celebration at the Arcadia Active Lifestyle Center in Davao City on Thursday evening. PRESIDENTIAL PHOTO
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►COMPETITIVE EDGE P5