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Nationwide round-up | BusinessWorld



DoJ forms a panel for KAPA estafa complaint

THE DEPARTMENT OF JUSTICE (DoJ) has formed a panel of five members to handle the syndicate estafa complaint filed against Kapa-Community Ministry International, Inc. officials. (KAPA) in connection with its alleged investment fraud. In & # 39; the order signed by Prosecutor General Benedicto A. Malcontento, the persecution panel was compiled by Assistant State Attorneys Ma. Lourdes C. Uy, Consuelo Corazon M. Pazziuagan, Xerxes U. Garcia, and Jeanette M. Dacpano, and lawyer of lawyer Luis Miguel A. Flores. The National Bureau of Research and three KAPA investors filed eight counts of syndicate estafa last July 8 against 14 KAPA officials, including its founder, Joel A. Apolinario. In addition to the estafa syndicate, it was also recommended that they be charged for infringement of Section 8 (Requirement of Securities Registration) and Section 26 (Fraudulent Transactions) of the Securities Regulation Code. The complainants say that KAPA and its officials are involved in a pyramid investment fraud, with the characteristic of a "Ponzi scheme." The three investors claim to have invested a total of P575,000 in KAPA, which they visited, but failed to recover to news on & # 39; proven legal operations. e organization. Preliminary research is also ongoing on the complaint submitted by the Securities and Exchange Commission against KAPA and eight officials. – Won Marlo M. Villegas

Pag-IBIG Fund says system improvements address 8888 hotline concerns

CONCERNS DIRECTED to the Home Development Mutual Fund (Pag-IBIG Fund) via the nationwide 8888 Citizens & # 39; Hotline Complaint Center fell 74% into & # 39; The first half of 2019, due to system improvements being the most prevalent, said the government bureau. In a statement on tuesday following the & # 39; President & # 39; A State of the Nation Address, said Secretary Eduardo D. del Rosario, president of the Pag-IBIG Fund Board or Trustees and the Council for Coordination of Residence and City Development, resolved that 99% of the concerns were received. & # 39; We agree with President Rodrigo Roa Dutter then & # 39; he said that a lot needs to be done to respond to & # 39; Ensure the needs of people. And while Pag-IBIG Fund has made the list of services to improve service provision, it gives us the opportunity to shine light on our progress. For & # 39; we've been checking 8888 calls for the last two years and I'm happy to announce that 99 percent of all calls have already been solved, & # 39; he said. The agency also notes that about 50% of the conversations "are not complaints, but are actually questions or requests for assistance with their records."

Cyber-dragon trial vs Ressa starts with 2 witnesses

The TRIAL for the prosecution of cyber-lectures against Maria A. Ressa, chief executive and executive director of the online news site Rappler, started Tuesday with the two witnesses to the complainant who took the stand. The case, which also involved a former rapper researcher, was filed by businessman Wilfredo D. Keng. Presented as witnesses to the Manila Regional Trial Court branch 46 were Marcelino Malonzo, a reader of the attack article, and National Bureau of Investigation Special Agent Christopher M. Paz. & # 39; If you present proof … it's more about & # 39; The facts, when it comes to whether a crime is a crime, are already determinable by a judge. That we, now we are in the court case, determine the facts for the elements of & # 39; To form a crime of slander, "said the lawyer of Mr. Keng, Joseph L. Banguis, after hearing the reporters. In a statement Ms Ressa said:" I believe that his enough men and women are in us justice system that will maintain the spirit of law – not only in this case, but in those who intend to use the law to intimidate others. "In 2012, Mr. Keng explained an article about rapper that he, the suspected owner of car used by former armed forces Renato C. Corona, is associated with illegal activities. The next hearing session was set for 30 July. – Won Marlo M. Villegas


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