(Eagle News)–The Palace on Friday, June 13, said it would no longer react to Senator Antonio Trillanes IV’s latest tirade against President Rodrigo Duterte.
“Other than saying that the latest ranting of the incorrigible shameless former military renegade is as usual nonsensical and pompous, it is undeserving of a response,” Presidential Spokesperson Salvador Panelo said.
Panelo issued the brief statement after Trillanes said leaders and members of Kapa Community Ministry International Inc. (Kapa) could file an impeachment complaint against Duterte, who had ordered the organization closed down after the Securities and Exchange Commission found it was operating a Ponzi scheme.
A Ponzi scheme exists if high returns are promised to investors, who are paid with capital given by subsequent investors.
The SEC had questioned Kapa’s current setup of giving a 30 percent monthly return for life to each of its members, who each donated at least P10,000 upon their recruitment.
The SEC has said there was no way Kapa, led by their pastor Joel Apolinario, could sustain its operations, with assets of only P465,000 as of 2017.
According to Trillanes, Duterte’s act was a “disregard” for Kapa’s religious freedom.
“Gayundin, sa lalong madaling panahon, gumawa ang gobyerno ng inventory ng mga nakuha nilang pera or property mula sa Kapa at gumawa ng distribution plan para sa pag distribute nito sa mga miyembro ng Kapa,” Trillanes had said.