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SC dismisses Kapa investor’s P3B damage suit vs gov’t

/ 06:27 PM July 02, 2019

MANILA, Philippines — The Supreme Court has dismissed the petition filed by an investor of the Kapa Community Ministry International Inc. (Kapa) seeking P3 billion in damages from the government.

The high court’s Information Information Chief Brian Keith Hosaka confirmed that the case has been dismissed outright.

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“For those inquiring, Petition entitled Rhema International Livelihood Foundation Inc. or Cirfund, for brevity, Donor of KAPA et al. vs. Rodrigo R. Duterte, et al. G.R. No. 247571 was dismissed by the court en banc today,” Hosaka said.

On Tuesday’s en banc session, the high court dismissed the case outright because “it is not a trier of facts.”

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Aside from seeking P3 billion in compensation, Rhema International Livelihood Foundation Inc. (Rhema) also sought from the Supreme Court a status quo ante order against the Securities and Exchange Commission (SEC) advisory issued last April, which revoked Kapa’s registration as a non-stock corporation.

Rhema, which branded itself as a “donor” of Kapa, also asked the high court to allow “Kapa to resume their religious activity” and “expunge Cirfund from the list of the unregistered investment entities.”

Cirfund is an online platform which Rhema claims to be legal. (Editor: Eden Estopace)

RELATED STORY:
Kapa investor seeks P3B in damages from gov’t

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TAGS: CIRFUND, Damages, Kapa Community Ministry Internatonal Inc. (Kapa), Rhema International Livelihood Foundation Inc., Supreme Court
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