May 27, 2020 - Wednesday
Website Name Image
Weather icon
27.85 ℃, Scattered clouds
Davao City, Philippines

Charges set vs Kapa manager, 8 others

September 19, 2019 - Thursday 2:09 PM by Ruth Palo

Article Banner Image GOTCHA. Davao del Sur Provincial Board member Arvin “Jun Blanco” Malaza during his arrest with eight others in Digos, Davao del Sur on Wednesday. Photo courtesy of ABS-CBN Davao

DAVAO CITY -- A complaint of syndicated estafa and violation of Securities and Exchange Commission (SEC) Regulation Code was scheduled to be filed on Thursday afternoon by the National Bureau of Investigation (NBI) 11 against the manager of Kapa Ministry International Incorporated-Digos City chapter in Davao del Sur and seven others in relation to the resumption of operation of the said investment scheme.

This came after the respondents were arrested on Wednesday afternoon in Digos City in an entrapment operation by an NBI team.

NBI 11 spokesperson Joel Ayop identified the arrested suspects were Arvin “Jun Blanco” Malaza, a Provincial Board member in Davao del Sur and allegedly the branch satellite manager of Kapa in Digos City; Jezreel Beray; Wendy Samson; Gliselle Corpuz; Jake Louie Diez; Irish Dayanap; Audie Barsalote; Romeo Largo; and lawyer Flor Sardido.

They were arrested at the compound of Meuws radio station owned and managed by Malaza in Magsaysay Street, Barangay Zone 3, Digos City.

Ayop in an interview said Malaza had continued to receive "pay-ins" from investors in defiance of the order of President Rodrigo Duterte and the Securities and Exchange Commission (SEC), in gross violation of penal laws.

He said the Kapa operation was launched despite the stern warning from President Duterte addressed to Kapa Ministry International Incorporated to cease and desist from further operating its activity.

Recovered from the possession of the arrested persons were P10,000 marked money, money counter, several Kapa identification cards of members, ledgers, books of account, shot gun with four live cartridges, and other pertinent documents relative to their operations. 

Malaza, a provincial board member in Davao del Sur, was allegedly the branch satellite manager of Kapa in Digos City.

They are now detained at NBI Regional Office 11 while the filing of criminal charges was scheduled on Thursday afternoon.

Malaza has denied the accusations, saying he is also a victim of Kapa after President Duterte ordered its closure.

The NBI said the investment scheme, where members were encouraged to donate at least P10,000 to get a 30-percent "blessing" in return, falls under the definition of "securities" under the Securities Regulation Code even if Kapa is not licensed to issue or offer securities.

Malaza insisted that the seven individuals who were arrested are his workers at the station.

“Mga DJs, broadcasters, ug technicians nang gipangdakop,” Malaza said.

(They arrested disc jockeys, broadcasters, and technicians.)