A ranking official of the Kapa Community Ministry International and known radio broadcaster of Davao del Sur was reportedly arrested by the authorities Wednesday, September 18.
In a report, Davao del Sur Board Member Arvin “Jun Blanco” Malaza was said to have been arrested by elements of the National Bureau of Investigation Wednesday morning.
The report cited NBI 11 regional director Jonathan Balite as having confirmed Malaza’s arrest during an entrapment operation.
Three others were arrested along with Malaza in relation to the resumption of operation of Kapa Community Ministry International Incorporated in Digos City.
The Securities and Exchange Commission earlier warned investors anew to avoid dealing with Kapa-Community Ministry International in the face of its alleged revival under a new name.
The country’s corporate regulator said it found several posts on social media claiming that Kapa will be relaunched under the name KAPA Worldwide Ministry Association soon.
It noted that KAPA Worldwide is not registered with the commission as a corporation or a partnership, nor does it have a secondary license that will authorize it to solicit investments from the public.
“The Commission notes that KAPA could have not successfully registered another corporation, given its history of defrauding investors and a pending criminal complaint against it and its officers and promoters,” the SEC said in a statement.
The SEC revoked Kapa’s certificate of incorporation as a non-stock corporation last April for “serious misrepresentation of what it was doing or could do to the great damage or prejudice of the public.”