GMA Network, TAPE lawyers meet in mediation conference
According to Mariz Umali's report on '24 Oras' Thursday, the mediation conference was held at the Office of the City Prosecutor of Quezon City
'We want to collect the amount that was misappropriated. The amount that should have been given to GMA but was not remitted by the officers of TAPE. We have been waiting for the remittance of the ad revenues. Unfortunately, despite repeated demands, hindi nabigay sa atin 'yon,' GMA Network's legal counsel Atty. Lynn Delfin said.
TAPE Inc. did not deny its obligations to GMA Network.
'I think TAPE naman is not denying that there's collectibles to the corporation. Maybe the main contention only is whether it's civil or criminal,' TAPE Inc.'s legal counsel Atty. Maggie Garduque said.
The prosecutor's office has set another mediation conference on June 11 to determine if GMA Network will accept TAPE Inc.'s offer.
'We have been saying din naman that management is open to listen and to see what offer they have. And if it's reasonable, we can decide on what to do about it,' Atty. Delfin said.
'Under the rules, 'yung mediation kasi is also dependent on the complainant if they are willing or open for settlement. So, in this particular case kasi maganda na nalaman natin on the part of GMA that they are open for settlement,' Atty. Garduque said.
Should the mediation fail on June 11, the preliminary investigation of the case will proceed, and the merits of the case will be discussed in court.
GMA Network, Inc. had filed a criminal complaint for estafa with abuse of confidence against officers of TAPE Inc. for the misappropriation of funds totaling P37,941,352.56.
The complaint stems from the respondents' failure to remit advertising revenues collected from clients, which had been contractually assigned to GMA Network under a 2023 Assignment Agreement. Despite multiple formal demands, the funds were not transferred to GMA because they were instead used for TAPE's operational expenses, in violation of the trust arrangement outlined in the agreement.
—Carby Rose Basina/CDC, GMA Integrated News
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