GMA7 files P37.94-M estafa complaint vs TAPE officers

GMA Network

MANILA, Philippines — GMA Network Inc. filed an estafa complaint against the officers of Television and Production Exponents Inc. (TAPE) for alleged misappropriation of funds amounting to P37.94 million.

“The complaint stems from respondents’ failure to remit advertising revenues collected from clients, which had been contractually assigned to GMA Network under a 2023 assignment agreement,” the Gozon-led media said in a disclosure on Thursday.

GMA alleged that TAPE had used the funds for its operational expenses instead of transferring them to GMA, as what was agreed upon.

The criminal complaint was filed against the following: former president and CEO Romeo Jalosjos Jr., chair Romeo Jalosjos Sr., treasurer Seth Frederick Jalosjos, president and CEO Malou Choa-Fagar, former senior vice president for finance Michaela Magtoto and finance consultant Zenaida Bautista.

TAPE used to be the production outfit of Eat Bulaga! but lost the legal case against trio Tito, Vic (Sotto) and Joey de Leon. It then produced ‘Tahanang Pinakamasaya’ on GMA but discontinued this last year.

READ: ‘Tahanang Pinakamasaya’ ceases airing due to ‘unwanted circumstances’—TAPE

“GMA Network is pursuing legal action to hold the responsible officers accountable to recover the misappropriated amount,” it said.

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