Gov’t should start legal procedures to seize assets of Kapa founder — solon - News Summed Up

Gov’t should start legal procedures to seize assets of Kapa founder — solon


MANILA, Philippines — The government should start legal procedures to seize the assets of recently arrested Joel Apolinario, founder of Kapa Ministry, which ran a multi-billion pyramiding scheme scam that duped thousands of unsuspecting investors, a lawmaker urged Wednesday. “The PNP and the NBI should recover KAPA assets as much as they can so that the government can still refund some of the money from KAPA’s investors,” he added. Reports said Apolinario’s men opened fire at the team from the Surigao del Sur police that was serving the arrest warrant against the Kapa leader. Two unidentified men were killed, and one of Apolinario’s men, Melecio Siano, was wounded in the ensuing gunfight. READ: ‘Investors’ ransack Kapa headquarters after arrest of founderNograles said it appears that Apolinario is “building his own private armed group” after his group yielded high-powered firearms.


Source: Philippine Daily Inquirer July 22, 2020 09:45 UTC



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