CIDG to pursue cases against alleged investment scams

July 1, 2019

Police Major General Amador Corpus, director of the Criminal Investigation and Detection Group ( CIDG) on Monday said they will continue operations against alleged investment scams even after an investor of Kapa International Ministry filed a complaint against them.

In a press briefing, Corpus said they are only supporting the National Bureau of Investigation, the lead agency in arresting people involved in investment schemes and scams.

"They filed a complaint but still our campaign together with other law enforcement agencies against all investment schemes will continue," he said.

"All who have violations, our operation against all kings of investment schemes will continue," Corpus added.

The CIDG chief said they are just following the directives of President Rodrigo Duterte.

Last month, Duterte ordered NBI and PNP to shut down all investment schemes as it only deceives people.

In a 20-page petition filed at the Supreme Court last June 26, Rhema International Livelihood Foundation Inc. sought issuance of a status quo ante order against the order of the Securities and Exchange Commission last April that revoked Kapa's registration as a non-stock corporation.

Rhema, which branded itself as a "donor" of Kapa, also asked the High Court to allow "Kapa to resume their religious activity" and "expunge Cirfund from the list of the unregistered investment entities as it is an online platform of Rhema International Livelihood Foundation Inc.

It added that (Cirfund) is backed up with hard documents that supports the legality of its business act and deeds.

The firm also sought compensation amounting to P3 billion from the respondents led by President Duterte and SEC Chair Emilio Aquino "for destroying Cirfund." Ella Dionisio/DMS