By J. Jala | 08:36 PM October 12, 2021

A task force was created to help the “ripa” victims.

Governor Arthur Yap signed Executive Order No. 49 in creating the Task Force Heart of Justice to ensure swift investigation, immediate case build up and urgent filing of criminal and civil cases against the perpetrators of the apparent Ponzi scheme called “ripa” which victimized thousands of Boholanos.

Yap said he received several complaints regarding “ripa” duping investments at unusually high interest rates over a very snort period of time.

He said the transactions were made to appear as loan covered by notarized promisary notes.

The Task Force shall be composed of the Philippine National Police (PNP) Criminal Investigation and Detection Group (CIDG) – Bohol; Bohol Provincial Police Office; National Bureau of Investigation, PNP Aviation Group, Philippine Coast Guard, Provincial Legal Office, General Services Office, Governor’s Office – Constituency Services Section and Special Projects Section, Provincial Security Force, and Bohol Information and Communication Technology Chairperson of the Sangguniang Panlalawigan Committee on Peace and Order and Public Safety.

“Ripa” (money lending scheme) has no viable and legitimate business to support the investment scheme and with the syndicate absconding the bulk of the illegally solicited funds, like the other Ponzi schemes in the past, it will eventually collapse.

Hundreds of “ripa” victims went to Bohol Wisdom gymnasium starting Monday to avail the free legal assistance of the provincial government. Yap personally met the victims.

Other victims also went to BIt-International College in Tagbilaran to avail the free legal assistance offered by Rep. Aris Aumentado and his legal team.

By Bohol Island News

Your reliable source of news and content in the island and the rest of Central Visayas and Mindanao.

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