THE Supreme Court has imposed a two-year suspension without pay against a regional trial court judge in South Cotabato for issuing an order enjoining the Securities and Exchange Commission from implementing its cease and desist order against the officers and agents of Kapa Community Ministry International Inc. that is allegedly involved in a P50-billion Ponzi investment scheme.
It contended that it is a co-equal body of RTC, thus, the latter cannot interfere with or overturn its ruling. For his part, Judge Noel maintained that the charges against him were baseless and that SEC has itself to blame for its failure to defend its position before the court. In its report dated August 11, 2020, the OCA found Judge Noel guilty of the charge and recommended his suspension from the service for four months.
It noted that RCCP took effect on February 23, 2019 prior to KAPA’s filing of the case on March 1, 2019.
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