Date Posted: 11 March 2019
KAPA-COMMUNITY MINISTRY INTERNATIONAL INC
This Commission has received reports that there is a circulating YOUTUBE videofeaturing the alleged news stating,among others,that KAPA PADAYON has obtained a Temporary Restraining Order (TRO) against the CEASE & DESIST ORDER (CDO) issued by the SEC against KAPA-COMMUNITY MINISTRY INTERNATIONAL, INC. (KAPA) and its allied entities.To set the record straight, the application for issuance of a TRO filed by KAPA before Branch 58 of the Regional Trial Court, General Santos City,was DENIED by the HonorablePresiding Judge JOYCE KHO MIRABUENOin the ORDER dated 01 March 2019, the pertinent portion of which reads,as follows:“Thus, we find that in the present petition, the Regional Trial Court of General Santos cannot properly issue a 72-hour-TRO to stop the implementation of a SEC Advisory (Annex A) and a SEC Cease and Desist Order (Annex B).WHEREFORE, premises considered, the prayer for the issuance of a 72-hour-TRO is DENIED. The Office of the Clerk of Court of the Regional Trial Court is directed to comply with the procedure in Section 5 of Rule 58 of the Rules of Court on Preliminary Injunction, and to serve a copy of this order upon petitioner, through counsel.SO ORDERED.”It must be stressed thatthe CDO issued by the SECagainst KAPA, remains effective and still valid. Hence, the public is hereby warned to be cautious in dealing with the above-mentioned KAPA and its allied entities, particularly in investing their money with said entities. The public is hereby advisedto call the Enforcement and Investor Protection Department at telephone nos. (02) 818-6337 or (02) 818-5324 for any inquiries/clarifications and updates on this matter. Pasay City, March 8, 2019.